Cree Adds Intelligent Color to SmartCast Technology

DURHAM, N.C.--(BUSINESS WIRE)--

Cree, Inc. CREE reinvents intelligent lighting with the introduction of field adjustable color temperature for SmartCast™ Technology-enabled CR Series LED troffers, delivering a dynamic and customizable lighting experience for building managers and occupants. The first of Cree's industry-leading luminaires to feature instantly adjustable color temperatures, Cree's groundbreaking SmartCast Technology combined with its TrueWhite^® Technology allow for superior color quality and consistency while providing greater flexibility to control illumination at no additional cost.

"Cree is relentless in its approach to LED innovation, delivering more intelligent illumination for superior, customized lighting experiences without compromise," said Norbert Hiller, Cree executive vice president, lighting. "The new field adjustable CCT feature demonstrates the next-generation of controllable lighting by being more flexible to individual needs and preferences, while delivering exceptional efficacy and value."

In combination with the intuitive and easy-to-use SmartCast Technology, Cree luminaires featuring field adjustable color temperature enhance commercial building design by eliminating the need to decide on color temperature at the onset of installation. With the ability to choose from 3000K to 5000K in 500K increments, SmartCast Technology-enabled CR Series LED troffers enable the use of only one troffer type in any space regardless of lighting preference. The result is simplified specification, ordering and installation with a lighting-control system that reduces energy consumption by more than 70 percent* ─ allowing customers to easily realize the full promise of LED lighting controls.

"Cree continues to transform what's possible for our interior lighting applications with high-performing LED solutions that create the flexible and customized lighting experience that our teams desire to be more productive. While our teams see this value, I can also deliver value and bottom-line savings with these lighting capabilities," said Michael J. Malloy, Senior Manager, Global Facilities Management, Extreme Networks. "These innovations will change the way we operate our business."

The CR Series LED troffers with SmartCast Technology offering field adjustable CCT are sold through Cree lighting sales channels throughout the United States and Canada. Please visit www.cree.com/smartcast to learn more.

*Compared to traditional fluorescent luminaires without SmartCast Technology.

About Cree

Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting and semiconductor products for power and radio-frequency (RF) applications.

Cree's product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree^® products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and solar inverters.

For additional product and company information, please refer to www.cree.com.

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 will vary from expectations; the risk that 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 LED 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 29, 2014, and subsequent filings.

Cree^® and TrueWhite^® are registered trademarks and SmartCast^™ is a trademark of Cree, Inc.