May 11, 2011

New High-Output Cree LED Module Delivers Both High-Quality Light and Efficiency

1000-Lumen LMR4 LED Module Outshines 26-watt CFLs, 100-watt Incandescent Bulbs
DURHAM, NC --

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces the new 1000-lumen LMR4 LED module, delivering 66 lumens per watt efficiency in a fully-integrated solution for downlight applications where high-quality light is essential such as commercial, retail and residential.

Featuring Cree TrueWhite® Technology, the LMR4-1000 module provides higher quality light and efficiency, using 42-percent less input power, than 26-watt compact fluorescent (CFL) bulbs. The LMR4-1000 is also the only commercially available 2700-K LED module to deliver 1000-lumen output at more than 90 CRI, which can replace 100-watt incandescent bulbs in downlight applications.

“The LMR4-1000 has the proven technology to enable our customers to quickly and easily incorporate beautiful, energy-efficient LED lighting into the marketplace,” said Scott Schwab, product line manager, Cree LED modules. “Building on the success of Cree’s LED module family, the LMR4-1000 provides high-quality light that meets the design requirements for applications such as restaurants, hotels and homes, continuing Cree’s innovation in drop-in ready, integrated solutions for the LED lighting market.”

The Cree LED Module LMR4-1000 integrates driver electronics, optics and primary thermal management, making the compact Cree module drop-in-ready. Designed to last 35,000 hours and dimmable to 5 percent, the LMR4-1000 module is available in color temperatures of 2700 K, 3000 K, 3500 K and 4000 K with more than 90 CRI.

To see LED fixtures designed with Cree LMR series modules, visit Atlantic Lighting, booth #1260; DMF Lighting, booth #925; Intense Lighting, booth #2945; and Nora Lighting, booth #2229 at Lightfair International in Philadelphia, May 17-19.

The Cree LED Module LMR4 is available now with standard lead times, and sample evaluation kits are available now directly from Cree’s website, www.cree.com/modules.

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; 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; customer acceptance of LED products; 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.

About Cree