October 29, 2009

Cree Demonstrates Record-Breaking LED Light Bulb

DURHAM, N.C. -- Today, at the annual Cree (Nasdaq: CREE) shareholder meeting, Cree Chairman and CEO Chuck Swoboda demonstrated an A-lamp LED light bulb with the highest lumen output and efficacy reported in the industry. The bulb produces 969 lumens at an impressive 102 lumens per watt, which is the light output equivalent to a 65-watt incandescent bulb, yet it uses only 9.5 watts.

The demonstration A-19-style bulb features the latest Cree production XLamp® XP-G LEDs and TrueWhite Technology, a patented method of delivering warm-white light with superior color rendering and efficiency. It delivers a 2800 K warm-white light with a 91 CRI. All data was verified by third-party testing under steady-state operating conditions.

“We are pushing the industry by demonstrating what’s possible,” said Swoboda. “With every improvement in LED components, new applications become achievable. We are excited to show the world not only what can be done, but what they should expect in an LED light bulb.”

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 backlighting, 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, electronic signs and signals, variable-speed motors and wireless communications.

For additional product and company information, please refer to www.CreeLEDLighting.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 28, 2009, and subsequent filings.