May 11, 2010

Cree Launches Its Highest Performance Six-Inch LED Downlight

80 Lumen per Watt Downlight is Twice as Efficient as CFL Fixture
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces a new, high-output six-inch LED downlight featuring Cree TrueWhite™ Technology. The LR6-DR1000 downlight delivers 70 percent more light than the original LR6™ downlight and features an aesthetically-pleasing, 20-degree shield angle for lighting designs that require greater brightness control.

Using only 12.5 watts of input power to deliver 1000 lumens, the LR6-DR1000 downlight has unmatched fixture efficacy of up to 84 lumens per watt. It consumes half the energy of a typical CFL downlight while delivering the same light output. Cree also now offers a deep-recess 650 lumen LED downlight, the LR6-DR650 downlight.

“With the introduction of the LR6-DR1000 downlight, Cree continues to extend the superior color quality and high efficacy of TrueWhite Technology,” said Gary Trott, Cree, vice president of market development. “By broadening our downlight family, we can now address higher ceiling applications, as well as the specific aesthetic and electrical needs of most commercial spaces.”

The LR6 downlight is now also available in a 277 volt version, the LR6-277V downlight. Designed to operate on 277 volt commercial power systems, it delivers 650 lumens with 10.5 watts of input power.

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 backlighting, 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, electronic signs and signals, variable-speed motors, and wireless communications.

For additional product and company information, please refer to www.CreeLEDLighting.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 is a registered trademark and TrueWhite, Cree TrueWhite, and LR6 are trademarks of Cree, Inc.