April 14, 2011

Cree Delivers Brightest and Most-Efficient Lighting-Class LED Array

Helps Reduce System Cost, Speed Time-to-Market Simplify Fixture and Lamp Design
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces full availability of the industry’s first lighting-class LED array that help reduce overall system cost by combining superior efficacy, ease-of-design and ease-of-manufacture. The Cree XLamp® CXA2011 LED array is designed to deliver the smooth light output and consistent color needed for applications such as omnidirectional bulbs or directional downlights.

“The CXA2011 LED has been incredibly easy to work with, enabling us to create very high-performance products,” said Jason Lee, president of Gama Illuminer. “It gave us a plug-and-play solution with the right combination of brightness, efficacy and color consistency with real-world 85 C specifications. Creating a design with CXA2011 was simple and manufacturing will be underway in record time.”

“Combining fast and flexible system design with ease-of-manufacturing, the CXA2011 LED array helps customers quickly create a broad range of LED-based designs,” said Mike Watson, Cree senior director of marketing, LED components. “Lower system cost and quicker time-to-market are keys to accelerating the LED lighting revolution.”

Easy-to-use screw-mounts simplify the manufacturing and design process by eliminating the need for complex design-specific engineering and reflow soldering. With the CXA2011, Cree leads the way on color accuracy by extending the industry’s largest offering of LEDs characterized at real-world operating temperatures (85 C).

The CXA2011 LED array delivers up to 4000 lumens at an operating temperature of 85 C (1A, 5000 K) in a single component. It is available in 2-step and 4-step EasyWhite™ options, delivering the industry’s tightest LED-to-LED color consistency—reducing system complexity and making light source selection as easy as specifying a color temperature.

XLamp CXA2011 LED arrays are available now with standard lead times. To locate a distributor, please visit www.cree.com/buyxlamp. To visit the XLamp CXA2011 microsite and request a free sample, please visit cxa.cree.com.

About Cree
Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete 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 that we may be unable to manufacture these products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk we may encounter delays or other difficulties in ramping up production of our new products; customer acceptance of the 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.