August 6, 2008

Cree Announces New XLamp® XP-E and XP-C LEDs

Industry’s Smallest Lighting-Class LEDs Set New Performance Benchmarks
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces a new standard for lighting-class LEDs with the introduction of the XLamp® XP-E and XP-C LEDs. These breakthrough LEDs have the smallest footprint in the industry for lighting-class LEDs—providing the same high-quality lighting performance and proven reliability as Cree XR-E and XR-C LEDs in an 80-percent smaller package.

The new XLamp LEDs, measuring just 3.45 mm square by 2 mm high, can enable new applications, including backlighting, signage, outdoor, indoor and portable lighting, thanks to their small size and low profile as well as a wide viewing angle and symmetrical package. Available bins for XLamp XP-E LEDs include minimums of 100 lumens at 350 mA in cool white (5000 K - 10000 K) and 80.6 lumens at 350 mA in warm white (2600 K - 3700 K).

“We recognized an unmet need for lighting-class performance in a small-footprint, low-profile LED package. These products, based on an innovative new technology platform, address this need,” said Paul Thieken, Cree marketing director for LED components. “This new platform, in concert with the existing XLamp products and the recently demonstrated XLamp MC-E LED, give LED lighting designers enhanced flexibility and performance to further accelerate the LED lighting revolution.”

The XLamp XP-E and XP-C LEDs are available to order with standard lead times. For additional information, technical specifications, or to find an authorized distributor, visit www.cree.com/xp.


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 solutions, and semiconductor solutions for wireless and power applications.

Cree’s product families include recessed LED down lights, lighting-class power LEDs, high-brightness LEDs, blue and green LED chips, 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, such as the risk we may encounter delays or other difficulties in ramping up production of our new products; the risk we may be unable to manufacture products with sufficiently low cost to offer them at competitive prices or acceptable margins; the potential lack of customer acceptance of the 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. About Cree