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Leading Cree CXB High Bay LED Luminaire Continues to Break Performance RecordsCree (News - Alert), Inc. (Nasdaq: CREE) continues to break performance and efficiency records with the next generation of its CXB High Bay LED luminaire, offering improved reliability and greater value than ever before. Improving upon the first LED fixture designed to compete directly with traditional high bay luminaires installed in North America, the newest Cree® CXB Series LED high bay fixtures have advanced to offer even better light performance, lower operating costs and longer life as the ideal LED replacement for high ceiling applications. Cree's CXB High Bay LED fixture delivers up to 24,000 lumens and provides a combination of high performance and affordability, eliminating the need for energy-wasting fluorescent and HID high bay luminaires. The newest CXB High Bay LED luminaire provides customers with a better light experience through a higher color rendering index of 80-plus and delivers greater efficiency of 113 lumens per watt, lowering operating costs and paying for itself in less than three years. It also includes an improved thermal system, ensuring high reliability over its 100,000-hour rated lifetime and an updated lens mounting and edge design. "The Cree® CXB High Bay LED luminaire leverages the power of Cree® LED technology to continue delivering fundamentally better light experiences for our customers," said Norbert Hiller, Cree executive vice president, lighting. "With exceptional rated lifetimes, zero restrike time and a compact lightweight construction, the CXB Series is a direct replacement for incumbent HID and fluorescent light sources, and provides the additional benefits of energy savings and significantly reduced relamp and maintenance costs." Connersville High School (CHS) in Connersville, Ind., home to the Spartan Bowl - one of the largest gymnasiums in the state, recently replaced dim and costly metal halide high-bay lights with Cree's CXB Series. Prior to installing Cree's CXB High Bay ED luminaires, it took eight minutes for the gym's lights to reach full brightness, forcing them to choreograph athletic events and other ceremonies around the warm-up time and, at times, resulting in introducing teams and participants in the dark. The school swapped existing fixtures with Cree's CXB Series in a 4000K color temperature, immediately boosting light levels from 30 to 70 foot candles with improved color rendering, while cutting energy usage in half and offering zero maintenance requirements for years to come. "The shelf life of those lights alone is a maintenance money-saver, and they use a fraction of energy, so it's the best of both worlds," said John Green, CHS Facilities Director." The Cree CXB High Bay LED luminaire's innovative design enables a low profile luminaire at half the weight of incumbent technologies, offering versatile mounting options for a quick and easy one-for-one replacement of up to 400-watt HID fixtures and multi-lamp fluorescent high bay luminaires. The Cree CXB High Bay LED luminaire is sold through Cree lighting sales channels throughout the U.S. Please visit http://www.cree.com/lighting/CXBSeries to learn more. 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, lighting products and semiconductor products for power and radio frequency (RF) applications. 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® is a registered trademark of Cree, Inc.
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