March 19, 2010

Vice President Joe Biden Visited Cree to Discuss Green Technology and American Innovation

Vice President Met with Cree CEO Chuck Swoboda and Employees
DURHAM, N.C. -- Thursday, Vice President Joe Biden visited Cree (Nasdaq: CREE) to discuss the Obama administration’s commitment to fighting for issues important to America’s middle class families, including creating well-paying manufacturing jobs and building the clean energy economy. Cree, based in Durham, North Carolina, is a market-leading manufacturer of LED (light-emitting diode) products.

Vice President Biden toured Cree’s facilities with Chuck Swoboda, chairman and chief executive officer of Cree, and spoke with employees about the benefits of working for a green technology company and their concerns about the economy.

“The ongoing support from the Obama administration is important as we promote the value of energy efficiency and sustainability in today’s economy,” said Swoboda. “Cree is creating American clean-tech jobs right now, as we continue to lead the LED lighting revolution.”

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.