April 17, 2008

Cree Expands Network of Solution Providers to Accelerate LED Adoption and Reduce Costs

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces seven new value-added solution providers have joined the global Cree Solution Provider network. The program, created in November 2007, now includes 21 leading LED solution providers.

The Cree Solution Provider network offers Cree XLamp® LED customers a full range of LED lighting-system design assistance and solutions to help accelerate time-to-market and reduce product development costs. Network members work closely with Cree to help ensure alignment of technologies. They are chosen based on their history of collaborating successfully with customers.

The latest additions to the Cree Solution Provider network are:

- Cooler Master, Ltd.: www.coolermaster.com
- LEDIKO: www.lediko.com
- LEDDynamics, Inc.: www.leddynamics.com
- Light Engine Limited: www.lightengine-tech.com
- MetroSpec Technologies, LLC: www.metrospectech.com
- Naotek: www.naotek.com
- XLight, Ltd.: www.xlight.ru

“The world is seeking high-quality LED lighting now. Creating lighting-class LED systems requires new resources and areas of expertise,” said Bob Pollock, Cree senior vice president of sales. “Cree Solution Providers, using our industry-leading XLamp LEDs, are uniquely positioned to provide these capabilities.”

Cree Solution Providers offer a wide range of LED lighting services, including:

- Design consulting
- Customized design
- LED engines
- Turnkey solutions
- Sub-assembly
- Complete assembly

For additional information on Cree Solution Providers, please call 919-313-5300 or visit www.cree.com/csp.

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 retrofit solutions, and semiconductor solutions for backlighting, wireless and power applications.

Cree’s product families include recessed LED down lights, 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, backlighting, electronic signs and signals, variable-speed motors, and wireless communications.

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 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, 2007, and subsequent filings.