February 12, 2014

New Cree CXA High-Density LED Arrays Offer Unmatched Lumen Density

Industry’s Highest Lumen Density Unlocks New Designs and Applications for LED Lighting
DURHAM, NC -- Three new LED arrays from Cree, Inc. (Nasdaq: CREE) redefine what is possible for LED lighting in high-intensity applications. The Cree® XLamp® CXA2590, CXA1850 and CXA1310 High-Density LED Arrays double the light output of existing standard-density CXA LED arrays without increasing the size. This unparalleled increase in lumen density delivers new levels of light intensity, which enables the complete replacement of ceramic-metal-halide (CMH) light sources, expands the possibilities of LED spotlights and enables applications that could not be addressed by previous LED technologies.

“The beauty of these new high-density LED arrays from Cree is that they are helping us bring products to the market that currently don’t exist,” said Mike Wang, vice president, lighting engineering, Edison Price Lighting, Inc. “Never before have we been able to harness such a large amount of light in such a small package, which can help us improve our lighting designs and address a number of applications that we previously could not.”

By emitting more than 15,500 lumens from a 19-mm light source, the CXA2590 LED Array enables luminaires with the same center-beam candlepower (CBCP) and light quality of a 150-watt CMH light source at lower power, longer lifetime and with better control. Delivering more than 9,000 lumens from a 12-mm light source, the CXA1850 LED Array enables lighting solutions with the same CBCP and light quality as 70-watt CMH while using half the power. The CXA1310 LED Array provides more than 2,000 lumens in a 6-mm light source, which allows lighting manufacturers to design smaller, more-efficient track lights, reduce the size of halogen replacements by half and deliver twice the CBCP of CMH at 30 percent less power.

“The high-density LED arrays from Cree are extremely impressive,” said Kenny Eidsvold, president, Intense Lighting. “We are looking forward to using these products in applications requiring very-high-center-beam candlepower that previously could not be achieved with LED-based solutions.”

Cree continues to lead the industry by offering the largest portfolio of integrated LED arrays and the only portfolio of high-density LED arrays. Having multiple size and lumen-output options from the extended CXA product family helps lighting manufacturers address a wide range of lighting applications from small-form-factor halogen and CMH, to sports and stadium lighting. Lighting manufacturers can also take advantage of the CXA’s ability to increase light output without increasing size.

“Having access to such intense light sources without having to account for lots of variation in size is a tremendous benefit to our product-design process,” said Seok-Ki Park, CEO, Hwang-Duck Engineering Co., LTD. “We have the flexibility to increase our design options while protecting our investment in ongoing product development.”

Offering the industry’s best color consistency for designs that use only one LED, Cree XLamp CXA LED Arrays are characterized and binned at 85°C, available in ANSI White and EasyWhite® color temperatures (2700 K – 6500 K), and CRI options of 70, 80 and 95. Samples of all three new high-density LED arrays are available now, and production quantities are available with standard lead times. Please visit www.cree.com/cxa to learn more.

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 products for power and radio frequency (RF) 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 RF devices. Cree® products are driving improvements in applications such as general illumination, backlighting, electronic signs and signals, power suppliers 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 and lifetimes 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 LED 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.