October 31, 2013

Cree SiC MOSFETs Revolutionize Shinry Hybrid-Electric and Electric-Vehicle Power Converters, Achieving Industry-Leading 96-Percent Efficiency

Shinry and Cree Raise the Bar for State-of-the-Art Electric-Vehicle Power Converters
DURHAM, NC -- Cree (Nasdaq: CREE) announces that Shinry Technologies, a premier high-tech enterprise focused on energy-efficient applications in transportation and lighting, employed Cree’s 1200-V C2M family of SiC MOSFETs in its new, high-efficiency, hybrid-electric and electric-vehicle (HEV/EV) power converters to achieve industry-leading 96-percent efficiency. According to Shinry Technologies, Cree’s C2M SiC MOSFETS also enabled a 25-percent reduction in product size and reduced peak-power losses by over 60 percent compared to the traditional silicon versions.

“Our customers care a great deal about efficiency, compact size and system weight and cost,” said Dr. Wu Ren Hua, CEO of Shinry Technologies. “The new C2M family of SiC MOSFETs from Cree allows our new HEV/EV power converters for passenger cars and buses to deliver industry-leading efficiency of 96 percent in a compact size that is 25 percent smaller than current platforms not using Cree C2M SiC MOSFETs.”

Based in Shenzhen, China, Shinry Technologies Co., Ltd. specializes in creating HEV/EV DC-DC converter, on-board-charger and rapid-charger solutions for a market that demands high reliability, efficiency and compact size. By implementing Cree’s advanced second-generation SiC MOSFETs in its latest 3 to 10-kW DC-DC converters designed for use in electric buses, Shinry achieved considerable efficiency improvement and significant size and weight reduction.

“Cree is focused on delivering best-in-class energy efficiency through SiC innovation, so it’s very exciting to see our new C2M SiC MOSFET family being used to break barriers in HEV/EV power conversion,” said Cengiz Balkas, vice president and general manager, Cree Power and RF. “Shinry’s rapid adoption of Cree’s C2M MOSFETs provides state-of-the-art efficiency, power density and cost to their customers. We are very pleased to have Shinry using our products.”

Introduced in March 2013, Cree’s C2M family of SiC MOSFETs have been demonstrated to achieve more than three times the power density of typical silicon technology in standard power supply designs. Cree® MOSFETs have been actively employed in solar inverters, industrial power supplies, battery chargers, uninterruptible power supply (UPS) systems and several other applications. These new 1200-V and 1700-V MOSFETs allow manufacturers to differentiate their products in the market through significant improvements in efficiency, reliability and/or power density, the latter of which can also lead to reductions in the size, weight, volume and, in some cases, even the total cost of power systems.

Packaged SiC MOSFETs from Cree are available from DigiKey, Farnell/Newark, Richardson and Mouser, and die are available from SemiDice. For more information, please visit www.cree.com/power or contact a local Cree sales person or distributor.

About Cree
Cree is a market-leading innovator of semiconductor products for power and radio frequency (RF) applications, lighting-class LEDs and LED lighting solutions.

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 RF devices. Cree products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and solar inverters.

For additional product and company information, please refer to 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 will vary from expectations; the risk we may be unable to manufacture these new 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 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 30, 2013, and subsequent filings.