December 10, 2009

New Cree EasyWhite™ Bins Simplify LED Design and Improve Color Consistency

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces EasyWhite™ bins, an LED innovation that both simplifies LED system design and improves LED-to-LED color consistency. EasyWhite bins are offered in 3500 K, 3000 K and 2700 K color temperatures and are 75 percent smaller than the ANSI C78.377 standard color regions.

Prior to this innovation, customers had to manually mix multiple LED bins to achieve consistent color points. For many LED lighting applications, such as MR-16 light bulbs, color-mixing multiple LEDs was complex and undesirable.

“We’ve listened to our customers’ requests for tighter color points, especially for warm and neutral white lighting applications,” said Paul Thieken, Cree, director of marketing, LED components. “Our goal is to increase end-product color consistency for all lighting applications, and EasyWhite bins can reduce manufacturing complexity and inventory needs. Customers can now buy LEDs just like traditional light bulbs, by specifying CCT and light output.”

Cree’s multichip XLamp® MC-E LEDs are the first LEDs available in EasyWhite bins. The XLamp MC-E EasyWhite LED, at 3000 K CCT, can produce up to 560 lumens when driven at 700 mA. This single LED is an ideal replacement for 20 to 35-watt halogen light bulbs in indoor lighting applications such as accent, track and pendant lighting. XLamp MC-E EasyWhite LEDs are available in sample quantities now and in production quantities with standard lead times.

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 LED fixtures and bulbs, 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.

To learn more about the LED Lighting Revolution, please visit www.creeledrevolution.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 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 28, 2009, and subsequent filings.