October 7, 2014

Cree Achieves Major Production Milestone with U.S. Department of Defense

DURHAM, NC -- Cree, Inc., a leader in gallium nitride (GaN) RF devices, has achieved a major production milestone with its recent accreditation as a U.S. Department of Defense (DoD) Category 1A Trusted Foundry for its 100-mm RF GaN facility in Durham, NC. Granted through the Trusted Access Program Office (TAPO) and the Defense Microelectronics Activity (DMEA), this accreditation is the highest designation awarded by the DoD, and differentiates Cree as a trusted supplier of GaN technology in support of national defense applications. Category 1A Trusted Foundry accreditation validates that policies and procedures designed to ensure the trustworthiness, integrity and confidentiality of the manufacturing process — including chain of custody, supply continuity and anti-tampering — are securely in place.

“The DoD Trusted Foundry accreditation puts Cree into a select group of trusted manufacturers in the U.S. that are certified to produce both unclassified and classified hardware for DoD programs critical to national defense,” said Jim Milligan, Cree director of RF and microwave products. “This designation ensures that products manufactured at Cree meet the highest standards of secure handling and production control throughout the entire manufacturing process.”

Since 2010, Cree has shipped more than five million MMICs and devices, making it one of the largest U.S. suppliers of advanced GaN technology for both the DoD and commercial markets. During this time, approximately four billion device hours in the field have been accumulated with an associated, industry-leading FIT rate of less than 10 failures per one billion device hours, which validates the outstanding robustness of Cree’s manufacturing process and resultant devices under fielded conditions.

Please visit www.cree.com/foundry for more information or to take advantage of Cree’s RF GaN MMIC foundry processes and Trusted Foundry capability.

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.

Please refer to www.cree.com for additional product and company information.

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 we may encounter delays or other difficulties in ramping up production of our new products; customer acceptance of our 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 29, 2014, and subsequent filings.