March 23, 2010

Cree Expands High-Power Color LED Family with New XLamp® XP-C Color LEDs

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, expands its family of high-power color LEDs with the availability of XLamp® XP-C color LEDs in royal blue, blue, green, amber, red-orange and red. These new XP-C LEDs are 10-to-50 percent brighter than Cree’s previous midrange color LEDs.

XLamp XP-C color LEDs are designed for 0.5-watt to 1-watt operation and can provide a cost-effective solution for many color lighting applications. In addition, XP-C LEDs are often compatible with existing optical designs, potentially reducing system design costs.

“Cree continues to expand design options within our industry-leading XLamp XP LED family,” said Paul Thieken, Cree, director of marketing, LED Components. “Cree offers the broadest portfolio of color LEDs in the industry, from high-brightness LEDs for the signage and entertainment industries to high-power LEDs for applications including architectural, color-changing, stage, emergency vehicle and transportation, all in a wide range of price-performance levels.”

Cree’s broad family of color XLamp LEDs is available 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. 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, 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.

Cree and XLamp are registered trademarks of Cree, Inc.