New C-Lite LED Lighting by Cree Offers Easy Choice for Contractors and Distributors

DURHAM, N.C. -- Cree (Nasdaq: CREE) announces C-Lite^™ LED Lighting by Cree (C-Lite), a portfolio of LED lighting products that offers electrical distributors and contractors a broad range of stock and flow items with the energy efficiency and performance they expect.  The new portfolio complements market-leading Cree^® and Essentia^® by Cree branded lighting products, making available high performance Cree-backed products across market segments.

“C-Lite^™ LED Lighting expands Cree’s offering by providing high performance, go-to LED lighting that addresses the specific needs of contractors,” said Daniel Castillo, president, Cree lighting. “Broadening our product offering with the new C-Lite^™ portfolio offers a reliable energy saving option.  This makes the contractor’s lighting decision easy, while providing our distributor partners a powerful offering that will help grow their business.”

The C-Lite portfolio provides customers with a complete line of commercial lighting products from Cree and satisfies customer demands for a broad range of reliable, readily-available and easy to install contractor grade products. The comprehensive portfolio will launch with indoor and outdoor offerings including area lights, flood lights, canopy, high- and low-bays, vapor tights, wall mounts, and wall packs.

The new portfolio is designed with simplicity in mind to make jobs of all sizes quick and easy. C-Lite^™ fixtures offer high-efficiency performance and are backed by a competitive 5-year warranty and Cree’s world class service and support.

The new C-Lite portfolio will be readily available from local distributors nationwide this June, and will be featured in the Cree booth #1409 during LIGHTFAIR International 2017 in Philadelphia, PA., from May 9-11. Visit https://www.creelighting.com/brands/c-lite/ to learn more.

About Cree, Inc.:

Cree is a leading innovator of lighting-class LEDs, lighting products and wide bandgap semiconductor products for power and radio frequency (RF) applications. Cree’s product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, SiC materials, power devices and RF devices. Cree’s products are driving improvements in applications such as commercial and consumer general illumination, video screens, electronic signs and signals, motor drives, power supplies, EV charging, solar, traction, transportation, radar, communications, telecom, data link and broadband amplifiers.

Please refer to www.cree.com for additional product and Company information.

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 that actual savings and lifetimes will vary from expectations; the risk we may be unable to manufacture these new products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk we may encounter delays or other difficulties in ramping up production of our new products; customer acceptance of our new products; 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 26, 2016, and subsequent filings.

Cree^® and Essentia^® are registered trademarks, and C-Lite^™ is a trademark of Cree, Inc. 

# # #