Cree, Inc. (Nasdaq:CREE) expands its industry-leading LED bulb portfolio with the PAR38 Cree ® LED Bulb family. These ground-breaking bulbs leverage the same technical innovations that made the Cree LED Bulb the best-selling LED light bulb in America – delivering a PAR38 replacement that looks and lights the way consumers expect, but uses 80 percent less energy. At just $24.97, or up to 50 percent less than comparable LED replacements, the PAR38 Cree LED Bulb utilizes the same textured glass and standard shape of traditional halogen PAR38 bulbs and is suitable for use outdoors. Best of all, the PAR38 Cree LED Bulb lasts for 25,000 hours, meaning you won’t have to install another bulb for 23 years. *
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.Please refer to www.creebulb.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 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; the risk that actual savings and lifetimes will vary from expectations; 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. *23-year lifetime based on average usage of 3 hours per day. Cree ® is a registered trademark of Cree, Inc. UL ® is a registered trademark of UL, LLC. The Home Depot ® is a registered trademark of Homer TLC, Inc.