April 7, 2010

Cree Announces Commercial Availability of New 5mm Round Amber LEDs

New Family of High-Brightness LEDs Deliver Wider Viewing Angles for Transportation Signage
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces the commercial availability of its new 5mm round amber LEDs for transportation signage. This new line of high-brightness LEDs features minimum viewing angles of either 15-degrees or 30-degrees and is designed to meet the stringent requirements of the global transportation signage markets.

The 15-degree (C503B-AAS-015) high-brightness LEDs offer a minimum intensity of 12,000 mcd. The 30-degree (C503B-ACS-030) high-brightness LEDs offer a minimum intensity of 5,860 mcd. To find an authorized Cree distributor in your area, please visit www.cree.com/buyHB.

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 risk we may be unable to manufacture the products with sufficiently low cost to offer them at competitive prices or with acceptable margins; 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.