Cree LBR-30™ LED Lamp Sets New Industry Benchmark for Color Rendering

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces commercial availability of the LBR-30™ LED lamp, aimed at replacing energy-wasting incandescent lamps commonly used in tracks, commercial and residential recessed downlights. Powered by Cree TrueWhite® Technology, the lamp delivers beautiful, warm-white light with unrivaled color accuracy and efficiency. 

“We were highly impressed with the installation of LBR-30 lamps in our Pittsburgh, Pa. LEED Gold designed location,” said Andrew Dunmire, AIA, LEED AP, vice president of design and construction at Eat’n Park Restaurants, a restaurant chain with 75 locations throughout Pennsylvania, Eastern Ohio, and Northern West Virginia. “The lamps truly brought our space to life by highlighting the vibrant walls and furnishings, while the reduced energy use, compared to the incandescents, saves us every month on ongoing operating expenses – enabling us to achieve our sustainable design objectives.” 

Thanks to its high color rendering index (CRI) of 94, the LBR-30 lamp is optimized for applications where high color accuracy is essential, including restaurants, retail stores, groceries and museums. It delivers 600 lumens, equivalent to a 60 watt incandescent BR30, while using only 12 watts of input power. The lamp is designed to last 50,000 hours in open fixtures, which can provide merchants like Eat’n Park additional savings from reduced relamping and maintenance costs.

“The LBR-30 lamp’s superior blend of incandescent-like color and efficacy delivers a true no-compromise solution for both general and accent lighting,” said David Turner, Cree director of marketing, LED Lighting. “This high-performance, retrofit lamp quickly installs into track or recessed fixtures and is available in flood or wide flood distributions, giving customers the flexibility to choose the most appropriate solution for their lighting needs.”

The Cree LBR-30 is sold through Cree LED Lighting sales channels and is currently shipping in volume. For additional information about the LBR-30 lamp, other Cree LED lighting products, or to find a sales representative, please refer to www.CreeLEDLighting.com. 

About Cree
Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, environmentally friendly LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting solutions, and semiconductor solutions for backlighting, wireless and power applications.

Cree’s product families include recessed LED down lights, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, electronic signs and signals, variable-speed motors, and wireless communications.

For additional product and company information, please refer to www.CreeLEDlighting.com. To learn more about the LED Lighting Revolution, please visit www.creeLEDrevolution.com.

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This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may encounter delays or other difficulties in ramping up production of our new products; customer acceptance of LED products; the possibility that actual savings may vary from expectations; the rapid development of new technology and competing products that may impair demand or render Cree’s products obsolete; and other factors discussed in Cree’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 27, 2010, and subsequent filings.

Cree and TrueWhite are registered trademarks and LBR-30 and Cree TrueWhite are trademarks of Cree, Inc.