October 12, 2011

Cree Continues to Lead LED Industry with Even Brighter Lighting-Class LEDs

Cree’s XLamp® XP-G LED Now Delivers 140 Lumens per Watt in Production
DURHAM, N.C. -- LED lighting leader, Cree, Inc. (Nasdaq: CREE), continues to extend the advantage of its innovative, industry-leading XLamp® LED family with the announcement of new levels of performance for its highly efficient XLamp XP-G LEDs, now delivering up to 140 lumens per watt. The proven XP-G LED can help lighting manufacturers reduce system cost and complexity and can make existing designs brighter and more efficient.

By leveraging the popular XP-G LED form factor, these increases in brightness and efficacy can shorten the LED fixture design cycle and improve customer time to market, with drop-in-ready performance enhancements. Cree XP-G LEDs also boast the longest projected lifetime data published, reflecting the reliability Cree customers have come to expect from lighting-class LEDs.

“The XLamp XP-G is an oft-imitated yet unmatched lighting-class LED,” said Mike Watson, Cree senior director of marketing, LED Components. “Never content, Cree continues to innovate with this highly efficient platform—raising our bar yet again by providing commercially available 140 lumen per watt components. For lighting manufacturers looking to lower system cost through high performance LEDs, the answer is Cree.”

Cree’s XLamp XP-G LEDs are the industry’s premier LED optimized for directional lighting, used in a variety of applications from street and area lighting to PAR replacement lamps to high-output flashlights. Cree is also the first LED supplier to publish 10,000 hours of lifetime data, which can allow customers to project TM-21 reported lifetimes greater than 60,000 hours, or nearly seven years.

The cool white XLamp XP-G provides up to 148 lumens and 141 lumens per watt, while the outdoor white (4000K) XP-G LED delivers up to 139 lumens and 132 lumens per watt and warm white (3000K) offers up to 122 lumens and 116 lumens per watt, all at 350mA.

XLamp XP-G LEDs are available now with standard lead times. To locate a distributor, please visit www.cree.com/buyxlamp. For more information, please visit www.cree.com/best.

About Cree
Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free 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, 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.

For product specifications and warranties, please refer to the applicable product data sheets and Cree’s sales terms and conditions available at www.cree.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 actual savings may vary from expectations; the risk that actual lifetime may vary from projections; 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 26, 2011, and subsequent filings.