[February 06, 2013]

High-Performance Cree LED Lighting Transforms Famous Petty's Garage

Nicknamed "The King" of NASCAR^®, Richard Petty has endorsed Cree (News - Alert)^® LED lighting after enthusiastically transforming his 100,000 square-foot garage with state-of-the-art LED fixtures by Cree, Inc. (Nasdaq: CREE). More than 700 Cree LED luminaires now illuminate the Petty's Garage complex, which specializes in the restoration of high-performance vehicles, stock cars, drag racers and Petty signature cars.

Partnering with Greenleaf Energy Solutions, Petty's Garage installed Cree's industry-leading LED lighting, featuring Cree TrueWhite^® Technology. According to Greenleaf Energy Solutions, when compared with the previous fluorescents, the installation reduces lighting energy usage more than 50 percent and decreases the number of light fixtures needed by 10 percent.

"We know that Cree produces the best LED technology in the world," said Stephen Moffitt, energy consultant, Greenleaf Energy Solutions. "Cree was the clear choice for Petty's Garage."

"Cree LED lighting delivers the quality of light we need for the work in our garage, allowing us to focus on our business of redoing cars," said Petty. "We turned these lights on, and they made our cars and shop look brand new. There's really only one word to describe Cree's lights - wow."

Cree CR24^™ LED troffers were installed in the main production facility with LR24^™ LED troffers and CS18^™ LED linear luminaires featured throughout the complex. The next stage of the installation will bring Cree Edge^™ security and floodlights and LEDway^® streetlights to the property.

"High-quality, long-lasting LED lighting dramatically enhances the auto restoratio experience at Petty's Garage," said Tami Timperio, vice president of communications, lighting at Cree. "Our LED troffers feature industry-leading Cree TrueWhite Technology with 90 CRI (News - Alert) that really makes cars pop. Designed to deliver lifetimes of more than 50,000 hours, Cree's LED troffers can virtually eliminate the time and expense associated with replacing fixtures for auto dealers and shop owners."

Cree will be showcasing its LED lighting products at the National Auto Dealers Association Convention and Expo 2013 in Orlando, February 8-11. "The King" will be signing autographs and taking photos with attendees at the Cree booth #3276 on Sunday, Feb. 10 from 2:30-4:30 p.m.

Please visit www.cree.com/lighting/auto for more information on Cree LED lighting products for auto applications.

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/Lighting. To learn more about the LED Lighting Revolution (News - Alert), please visit www.creeledrevolution.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; 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 24, 2012, and subsequent filings.

Cree^®, Cree TrueWhite^®, LEDway^® and TrueWhite^® are registered trademarks, and Cree Edge^™, CR24^™, LR24^™ and CS18^™ are trademarks of Cree, Inc.

NASCAR^® is a registered trademark of National Association for Stock Car Auto Racing, Inc.

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