November 2, 2010

Cree Ups Performance for XLamp® XP-E and XP-C Color LEDs

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces the commercial availability of new levels of performance for XLamp® XP-E & XP-C Color LEDs.

XLamp XP-E Color LEDs are now available delivering minimum light output of 500 mW for Royal Blue, 39.8 lumens for Blue, 107 lumens for Green, 73.9 lumens for Red-Orange, and 62.0 lumens for Red, all at 350 mA.

XLamp XP-C Color LEDs are now available delivering minimum light output of 350 mW for Royal Blue, 23.5 lumens for Blue, 62 lumens for Red-Orange and 51.7 lumens for Red, all at 350 mA

“Cree is extending our leadership with industry-best light output across the color spectrum in a common, small footprint,” said Paul Thieken, Cree director of marketing, LED components. “These economical, high-performance options can provide designers additional flexibility for a broad set of applications including architectural, emergency-vehicle, transportation and decorative lighting, all while leveraging the reliability of the XP package.”

XLamp XP-E and XP-C Color LEDs are available in sample and production quantities with standard lead times. To locate a distributor, please visit 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; 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 27, 2010, and subsequent filings.