Cree Expands SmartCast Intelligence Platform

As buildings become increasingly more connected through the Internet of Things (IoT), owners and operators require an intuitive platform for their building intelligence solutions. To meet this need, Cree, Inc. (Nasdaq: CREE) is expanding its SmartCast Intelligence Platform^™ to include connected wireless capabilities that enable smart building solutions, such as building automation and control network (BACnet) connectivity, advanced lighting control, and building analytics. In addition, Cree is announcing a new collaboration with Synapse Wireless, Inc. ("Synapse”) to deliver intuitive, intelligent lighting control designed specifically for outdoor area and high-bay applications. Together, these platform enhancements deliver connected solutions to more customers and applications, such as complete campus and industrial settings, while making it easier than ever to upgrade existing buildings to intelligent lighting systems.

SmartCast Wireless Connected Platform^™

The powerful data analytics and third-party integration capabilities of Cree’s SmartCast^® PoE system are now available for new or upgraded SmartCast^® Wireless luminaires with SmartCast^® Wireless Gateway and SmartCast Link^™ devices. These capabilities enable lighting networks to benefit from the full extent of IoT building solutions. These solutions include data analytics and actionable insights on energy utilization, space optimization and employee productivity for building owners and operators. Additionally, the network can connect directly with other systems throughout the building via SmartCast^® BACnet connectivity or API and with third-party applications within Cree’s development partner ecosystem.

The expanded SmartCast Wireless Connected Platform^™ includes the following:

• SmartCast^® Wireless Gateway: Amplifies the savings potential in a building by integrating SmartCast^® Wireless lighting networks, devices and data with other building management systems such as cooling and heating systems through the SmartCast Link^™ device.
• SmartCast Link^™: Provides a connection between the lighting network and third-party applications while separating and protecting critical systems and data. This device hosts the SmartCast Advisor^™ that helps building owners save energy and improve space utilization, as well as hosts the SmartCast^® API, which allows third-party applications to communicate with and control the lighting network.
• SmartCast^® BACnet Connectivity: Connects the Cree SmartCast^® family of devices, whether PoE or Wireless, into a BACnet system. This application enables customers to extract more value from the SmartCast^® connected lighting network by leveraging BACnet and connecting to other building systems.

SimplySNAP Enabled Control

In collaboration with Synapse^®, new SimplySNAP enabled Cree^® LED luminaires are integrated with a wireless control system that offers a reliable and secure, 2.4 GHz mesh network. The solution is adaptable to many different deployment models, including small, off-line locations all the way to large installations requiring thousands of fixtures. Fully tested for optimal integration, the end-to-end system is simple and easy to install with stand-alone functionality from initial deployment. It includes scene and zone controls, event scheduling and triggers, occupancy and vacancy monitoring, daylight harvesting and custom alerts.

"At Cree, we are focused on leveraging our LED and systems technology to go beyond illumination and address our customers’ needs,” said Craig Atwater, Cree senior vice president and general manager of lighting. "The newly enhanced wireless capabilities and BACnet connectivity of Cree’s SmartCast Intelligence Platform^™ as well as our new SimplySNAP^™ enabled control options open the door to unlimited applications for building owners and operators to increase the overall value and capabilities of their buildings and campuses, no matter the setting.”

Both the SmartCast Wireless Connected Platform^™ and select SimplySNAP enabled Cree luminaires will be available this summer. These innovations and others will be on display, along with representatives from several SmartCast^® Technology development partners, at the Cree booth #1412 during LIGHTFAIR International 2018 in Chicago from May 8-10. To learn more about Cree highlights at LIGHTFAIR, please visit: lfi.cree.com.

About Cree, Inc.:

Cree is an innovator of Wolfspeed^™ power and radio frequency (RF) semiconductors, lighting class LEDs and lighting products. Cree’s product families include SiC materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging, invertors, 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.

For additional product and Company information, please refer to www.cree.com.

Forward Looking Statements:

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 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 25, 2017, and subsequent filings.

Cree^® and SmartCast^® are registered trademarks and SmartCast Intelligence Platform^™, SmartCast Link^™, SmartCast Wireless Connected Platform^™, and SmartCast Advisor^™ are trademarks of Cree, Inc. Synapse^® is a registered trademark and SimplySNAP^™ is a trademark of Synapse Wireless, Inc.

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