In 2007, NC State was the first to join Cree’s LED University ®, an international community of universities working to accelerate the adoption of energy-efficient LED lighting across their campuses. Universities in the program include the University of Notre Dame, Marquette University, University of California at Santa Barbara, University of Arkansas and many others.To read the full case study and view photos of this installation, please visit www.cree.com/lighting/wolfridge. 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. 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 North Carolina State University’s plans for additional product purchases may change; 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 30, 2013, and subsequent filings. Cree ®, Cree TrueWhite ®, TrueWhite ®, and LED University ® are registered trademarks, and CR22 ™, CR24 ™, SL24 ™ and CR6 ™ are trademarks of Cree, Inc.