April 30, 2009

Cree Announces Industry’s Brightest and Highest-Efficiency Lighting-Class LED

Cree to Demonstrate XLamp® XP-G LED, Features 132 Lumens per Watt Efficacy, at LIGHTFAIR International
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces it is demonstrating the newest addition to its lighting-class XLamp® LED family—the XLamp XP-G LED—at LIGHTFAIR International in New York, May 5-7, 2009.

The cool white XLamp XP-G provides 139 lumens and 132 lumens per Watt at 350 mA. Driven at 1 A, the XP-G produces 345 lumens, which is 37 percent brighter and 53 percent more efficient than the brightest XR-E LED. The XP-G LED has the highest lumen density of any available lighting-class LED, and it is based on the XLamp XP family package.

“The XLamp XP-G again raises the level of performance available from our XLamp LED family,” said Paul Thieken, Cree, marketing director, LED components. “This product is designed for customers requiring the highest levels of brightness and efficacy.”

The XLamp XP-G LED is being demonstrated at Cree’s LIGHTFAIR International Booth #1463. Cree is currently taking sample requests for the XLamp XP-G and targets the product to be commercially available the third quarter of calendar 2009.

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, and semiconductor solutions for 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 the risk we may encounter delays or other difficulties in ramping up production of our new sample products, which are currently available for evaluation and testing purposes only; the risk we may be unable to develop and release commercial products with performance ratings comparable to the development results described above; the risk we may be unable to manufacture products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the potential lack of 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 29, 2008, and subsequent filings.