Cree Delivers Superior Energy Efficiency with Expanded ZR Series LED Troffer Portfolio

DURHAM, N.C. — (BUSINESS WIRE) — June 28, 2016 — Cree, Inc. (Nasdaq: CREE) expands the award-winning ZR Series LED troffer portfolio with the introduction of the new ZR FD LED Series, a commercial spec-grade troffer that delivers superior energy efficiency of 130 lumens per watt. This performance increase provides customers with up to 60 percent energy savings versus fluorescent troffers. Now, customers have a choice: ZR Series for color-excellence of 90-plus CRI at industry-competitive 90 lumens per watt or the new ZR FD Series for industry-leading 130 lumens per watt efficacy at 80-plus CRI.

“Cree’s new ZR FD LED Series delivers a breakthrough in energy savings while improving visual comfort in a pleasing aesthetic that reduces hot spots and glare for a light experience that is simply better,” said David Elien, Cree senior vice president, lighting. “It provides unmatched performance with exceptional light quality and value that makes it easier than ever to switch to better LED technology.”

The new Cree® ZR FD Series typically provides a payback of less than 2 years versus fluorescent and comes standard with best-in-class dimming to 5 percent, versus the 10 percent typical of fluorescent. The ZR FD Series features a new matte reflector finish for improved product aesthetics, reduced glare and uniform illumination. The ZR FD Series produces a better light experience for both new construction and renovation applications demanding extreme reliability and long product lifetime. Backed by an industry-leading 10-year warranty, this product offers exceptional longevity with a 75,000-hour lifetime at 35°C and features that are built for long life.

Its thin profile, lightweight design makes for easy installation in almost any plenum, reducing the need for layout re-design in retrofit applications. The product’s 3.9” height offers a quick and easy one-for-one replacement of inefficient fluorescent troffers in education, healthcare and commercial building applications.

The full family of ZR FD Series products is available in 2’x4’, 2’x2’ and 1’x4’ sizes and packages of 3300 and 4000 lumens at color temps of 3500K or 4000K at 80-plus CRI. An emergency backup option is also available. Additionally, future SmartCast® Technology-enabled options are planned, which will amplify energy savings and provide a more personalized light experience without the added complexity of traditional controls. The series is compliant with CA Title 24 dimming codes and most nationwide energy codes.

The Cree ZR FD Series is available now and sold through Cree lighting sales channels throughout the U.S. Please visit http://lighting.cree.com/zr-series to learn more.

About Cree

Cree is a market-leading innovator of lighting-class LEDs, lighting products and semiconductor products for power and radio frequency (RF) applications. Cree believes in better light experiences and is delivering new innovative LED technology that transforms the way people experience light through high-quality interior and exterior LED lighting solutions.

Cree’s product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree’s products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and 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 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 28, 2015, and subsequent filings.

Cree® and SmartCast® are registered trademarks of Cree, Inc.



Contact:

Cree, Inc.
Claire Simmons, Corporate Communications
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