Cree Expands Industrial Lighting Portfolio with New Linear High-Bay Luminaires

Linear fixtures are now being specified on approximately half of new construction and fluorescent retrofit high-bay installations. To meet this need, Cree, Inc. (NASDAQ: CREE) is expanding its industrial lighting portfolio with the new LXB Series Linear High-Bay luminaires. The LXB Series features best-in-class performance including enhanced efficacy, reliability and an extended lifetime, which makes it an ideal solution for high ceilings, high ambient temperatures and high-profile spaces.

"The LXB Series significantly extends Cree’s reach into the industrial new construction and retrofit market,” said Craig Atwater, Cree senior vice president and general manager, lighting. "The new linear high-bay’s exceptional thermal management enables operating temperatures as high as 55°C and offers more than 65 percent in energy savings when compared to traditional technologies like high-intensity discharge (HID) and fluorescents.”

Eligible for DLC® Premium certification at up to 160 lumens per watt (LPW), the LXB Series offers paybacks as low as 1.5 years and qualifies for maximum rebates. With an easy-to-handle form factor, installers can use existing wiring and mounting hardware for quick and simple replacement of existing linear fluorescent and HID high-bay fixtures at mounting heights of up to and greater than 50 feet. Additionally, the LXB Series has a broad product breadth from 12,000 to 60,000 lumens in 4000K or 5000K correlated color temperature (CCT) and is virtually maintenance free.

The new Cree® LXB Series is available to order now and is sold through Cree lighting sales channels throughout the United States and Canada. Please visit https://lighting.cree.com/LXB to learn more.

About Cree

Cree is an innovator of Wolfspeed® power and radio frequency (RF) semiconductors, lighting class LEDs and lighting products. Cree’s Wolfspeed product families include SiC materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging, inverters, power supplies, telecom and military and aerospace. Cree’s LED product families include blue and green LED chips, high-brightness LEDs and lighting-class power LEDs targeted for indoor and outdoor lighting, video displays, transportation and electronic signs and signals. Cree’s LED lighting systems and lamps serve indoor and outdoor applications.

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 24, 2018, and subsequent filings.

Please refer to www.cree.com for additional product and Company information.

Cree® is a registered trademark of Cree, Inc. DLC® is a registered trademark of Efficiency Forward, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181004005089/en/