May 8, 2008

Cree Expands XLamp® XR-C LED Family to Include Full Range of High-Performance Colors

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, has expanded its family of XLamp® XR-C high-power LEDs to include Royal Blue, Blue, Green, Amber, Red-Orange and Red. These LEDs are available in production quantities.

Standard flux order codes at 350 mA are available up to:

* 350 mW in Royal Blue,
* 23.5 lm in Blue,
* 67.2 lm in Green,
* 51.7 lm in Amber, Red-Orange and Red.

The XR-C color LEDs feature the same isolated thermal path, low thermal resistance and high reliability as the white LEDs in the XR-C family. They also offer a smooth upgrade path for customers looking to use the same footprint as the XR products.

“We are extending our industry-leading XLamp LED portfolio with new, higher-performance, lower-price options in the XR family form factor,” said Paul Thieken, Cree director of marketing for lighting LEDs. “Cree enables design flexibility for color LED applications with consistent drive currents and footprints throughout the XLamp XR-C and XR-E LED families.”

For additional information on XLamp XR-C color LEDs, please visit www.cree.com/xlamp.

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 LED recessed 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 potential lack of customer acceptance for the products; variations in demand for Cree’s products and its customers’ 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.