Cree Joins Forces with League of Green Embassies to Drive Energy Savings and Showcase …

Cree, Inc.
4600 Silicon Dr
Durham, NC, 27703
USA

Press release date: February 21, 2012

Five European Installations Yield up to 76 Percent Energy Savings

DURHAM, N.C. - Cree, Inc. (Nasdaq: CREE), announces participation in a series of energy efficiency renovations across U.S. Embassies in Vienna, Rome, Berlin, Madrid and Lisbon. The installation of energy-efficient interior and exterior LED lighting by Cree is part of a visionary program spearheaded by the Alliance to Save Energy and The League of Green Embassies, a U.S. Department of State initiative to promote international cooperation in energy efficiency and clean technology.

The range of LED lighting products being installed at each residence varies according to its unique needs. The energy savings for these installations as compared to the old lighting ranges from 45 percent to 76 percent, which can have significant economic impact due to the cost of electricity in these locations. Older, energy-wasting lighting is being replaced with energy-efficient LED lighting in security lighting, indoor lighting, area lighting, walkway lighting and parking lot and roadway lighting.

"The goal of the League of Green Embassies is to make each participating embassy as energy efficient as possible and to use these embassies as platforms for showcasing U.S. energy innovation technologies and products," said Bruce J. Oreck, U.S. Ambassador to Finland. "We want to encourage companies to create and showcase for a global market the latest technologies that reduce energy waste and lower costs."

The League of Green Embassies was established to advance the 2007 Presidential mandate to reduce greenhouse gas emissions in U.S. government buildings; to demonstrate the capabilities of U.S. products and technologies to the world market; and to increase the exports of U.S. products and services in line with the National Export Initiative.

"Embassies are a great vehicle to showcase U.S. innovation and influence global commercial and industrial organizations to take action, consume less energy and advance energy efficiency," said Greg Merritt, vice president corporate marketing, Cree. "Cree is excited to be part of the League's initiative and to provide the embassies with Cree? high-performance, energy-efficient interior and exterior LED lighting."

The completed installations are expected to be unveiled throughout 2012. The embassies will host a VIP and press reception and exhibition to provide guests a firsthand look at recent upgrades in the embassy. For more information visit http://www.leagueofgreenembassies.org/

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, backlighting, electronic signs and signals, power suppliers and solar inverters.

For additional product and company information, please refer to http://www.cree.com. To learn more about the LED Lighting Revolution, please visit http://www.creeledrevolution.com.

Media Contact:
Michelle Murray
Cree, Inc.
Corporate Communications
(919) 407-5505
michelle_murray@cree.com

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Cree Joins Forces with League of Green Embassies to Drive Energy Savings and Showcase ...