September 30, 2009

Cree Raises the Bar for Lighting-Class LEDs with Commercial Availability of the XLamp XP-G LED

Single LED Delivers Up to 367 Lumens at 111 Lumens per Watt
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces the commercial availability of the XLamp® XP-G LED, the industry’s brightest and most efficient lighting-class LED. The XP-G LED can produce up to 367 lumens when driven at 1A, at a typical efficacy of 111 lumens per watt; making it 46 percent brighter and 64 percent more efficient than the highest-performance XR-E LED, with an 80 percent smaller footprint.

“Cree’s XLamp XP-G cool white LEDs set a new standard for LED performance,” said David Chow, president, 4Sevens, LLC. “For our flashlights, the XLamp XP-G LED was a clear choice because of its high lumen output, unmatched efficacy and compact package size.”

This level of performance can potentially reduce the required number of LEDs, as well as the size and cost of LED fixtures. High efficacy at lower current (up to 132 lm/W typical at 350 mA) can lower the total power requirement for a portable or solar lighting application, which can reduce the amount of solar cells or batteries needed.

“This establishes a new level of performance for LEDs,” said Paul Thieken, Cree director of marketing, LED components. “We now deliver lighting-class efficacy at 1A drive current. In addition, we have begun offering limited samples of an S2 flux bin, providing up to 400 lumens at 1A. We target availability of XP-G neutral and warm white LED samples by end of calendar 2009.”

XP-G LEDs extend the leadership of Cree’s lighting-class LED family, giving lighting designers a wide range of price and performance options that all share a common package footprint. The cool white XP-G LED is available now with order codes up to 139 lumens minimum at 350 mA and ANSI-compliant cool white bins (5000K – 8300K CCT) through the Cree distribution network (www.cree.com/buyxlamp).

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

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 possibility that actual savings may vary from expectations; 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.