Cree LED Lamps Selected for Initial 650 Store Deployment at Walmart

Wed Nov 4, 2009 8:00am EST

* Reuters is not responsible for the content in this press release.

DURHAM, N.C.--(Business Wire)--
Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, has been selected to
provide energy-efficient LED lighting to Walmart for new stores and renovations.
Walmart plans to install Cree LRP-38 LED light bulbs in 650 stores during the
first year, replacing ceramic metal halide in the produce and electronics
departments. Cree`s industry-leading LR6 recessed LED downlights are also being
used in new construction applications. 

The Cree LRP-38, a PAR38 style LED lamp, was selected for its energy-efficiency,
long lifetime, controlled beam and high color-rendition. Designed to last 50,000
hours, the LRP-38 consumes 82 percent less energy than the 70-Watt ceramic metal
halide bulbs it replaces and can last more than five years in a 24/7 operating
environment. The unique design of the LRP-38 also reduces glare for customers,
focusing attention on the merchandise and not the lighting. 

"Cree TrueWhite Technology delivers high quality light-making food and
merchandise attractive, which we believe enhances the customer`s experience,"
said Neal Hunter, Cree LED Lighting president. "We`re able to do all this while
reducing energy consumption and eliminating toxic mercury. The selection of
Cree`s lamp followed a thorough analysis of performance, in-store evaluations
and return on investment." 

About Cree

Cree is leading the LED lighting revolution and setting the stage to obsolete
the incandescent light bulb through the use of energy-efficient, environmentally
friendly LED lighting. Cree is a market-leading innovator of lighting-class
LEDs, LED lighting, and semiconductor solutions for backlighting, wireless and
power 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 radio-frequency/wireless devices. Cree solutions are driving improvements in
applications such as general illumination, electronic signs and signals,
variable-speed motors, and wireless communications. 

For additional product and company information, please refer to
www.CreeLEDLighting.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 Walmart`s plans may change resulting
in lower product sales; the possibility that actual energy savings may vary from
expectations; 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, 2009, and
subsequent filings. 

Cree is a registered trademark and TrueWhite Technology is a trademark of Cree,
Inc.

Media Contact:
Cree, Inc.
Corporate Communications:
Michelle Murray, 919-313-5505
michelle_murray@cree.com

Copyright Business Wire 2009