April 12, 2010

Cree Announces Revolutionary New LED Platform Delivering 160 Lumens per Watt

XLamp® XM LEDs Are Most Efficient Lighting-Class LEDs in the Industry
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces a breakthrough new lighting-class LED platform, the XLamp® XM LED. This new single chip LED delivers record-breaking efficacy of 160 lumens per watt at 350 mA. The LED also delivers 750 lumens at 2 A, which is equivalent to the light output of a 60 W incandescent light bulb at less than 7 watts.

“This new platform continues Cree’s well-established record of turning R&D innovations into products,” said Chuck Swoboda, Cree chairman and CEO. “We continue to set the pace for LED performance, establishing new benchmarks that make you wonder why anyone would consider last-century’s energy-wasting technology.”

A cool white XM LED driven at 350 mA can produce 160 lumens at 160 lumens per watt. The new platform has a larger footprint than Cree’s XP family and also offers the unique combination of very high efficacy at very high drive currents. At 2 A, an XM LED produces 750 lumens at 110 lumens per watt. The thermal resistance of the XM platform is 2 degrees C per watt— an industry-leading technology breakthrough and a 350 percent improvement over Cree’s flagship XLamp XP-E LED.

Samples of the XLamp XM LEDs are available for order with standard lead times and commercial availability is targeted for Fall 2010.

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 be unable to develop and release commercial products with performance ratings comparable to the development results described above; the risk we may encounter delays or other difficulties in ramping up production of 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.

Cree and XLamp are registered trademarks of Cree, Inc.