May 10, 2010

Cree Sets New 5-Year Warranty Standard for LED Fixtures

DURHAM, N.C. -- Cree, Inc. (Nasdaq:CREE), a market leader in LED lighting, announces it is extending the warranty on its entire family of fixture products to five years.

“We have almost 20,000 hours of real-world data on products from our early installations nearly three years ago, and the performance is rock solid,” said Ty Mitchell, Cree vice president and general manager, LED Lighting. “Lengthening the warranty lets our customers know that Cree stands behind the long-term performance and reliability of our fixtures.”

Cree’s fixture portfolio includes the CR6, LR4 and LR6 recessed downlights and the LR24 architectural LED troffer, all of which are installed in restaurants, offices and commercial spaces across the United States. All of Cree’s recessed downlights are ENERGY STAR® qualified for commercial and residential applications.

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 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 is a registered trademark and TrueWhite and LR24 are trademarks of Cree, Inc.
ENERGY STAR is a registered trademark of the U.S. Environmental Protection Agency.