April 29, 2015

Cree’s New High-Intensity Class of LEDs More than Doubles Performance

DURHAM, NC -- Cree, Inc. (Nasdaq: CREE) announces the new XLamp® XP-L High Intensity LED, the first single-die LED to deliver over 100,000 candelas with a 50-mm diameter optic at 10 watts. Built on Cree’s breakthrough SC5 Technology™ Platform, the XP-L High-Intensity LED delivers more than double the candelas of the industry’s previous highest-performing single-die XP-L LED through the same optic. Leveraging the existing 3.45-mm x 3.45-mm XP-L package, the new high-intensity LEDs allow lighting manufacturers to quickly boost performance, reduce size and lower system cost for applications such as track, outdoor and stadium lighting.

XLamp XP-L High-Intensity LEDFeaturing Cree’s innovative new primary optic design that radically reduces optical source size by more than 50 percent, the XLamp XP-L High Intensity LED delivers unprecedented candela at 185 lumens per watt at one watt. The new High Intensity LED offers a drop-in ready upgrade for XP-based luminaire designs, enabling manufacturers to achieve higher luminous intensity with minimal redesign to accelerate time to market.

“The XP-L High Intensity LED looks like a great option for some of our upcoming lights,” said Jon Quenzer, Electrical Engineer, Trek. “The XP-L High Intensity LED allows us to boost the efficacy and intensity of our XP-G2 LED based designs without changing optics or drivers.”

“The XP-L High Intensity LED exemplifies Cree’s commitment to relentless innovation by delivering both lumens and unprecedented intensity in a small form factor,” said Dave Emerson, vice president and general manager for Cree LEDs. “The XP-L High Intensity LED will allow lighting designers to fundamentally change the way they think about using LEDs in high intensity lighting and enable lighting manufacturers to reach performance levels previously not possible.”

Characterized and binned at 1050 mA, 85°C, the XP-L High Intensity LED is available in up to 90 CRI and color temperatures ranging from 2700 K to 8300 K. 6,000 hours of LM-80 long-term testing data is available for the XP-L High Intensity LED for lighting manufacturers seeking ENERGY STAR® qualification.

Product samples are available now and production quantities are available with standard lead times. Please visit www.cree.com/xlamp/hi for additional information.

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 29, 2014, and subsequent filings.

Cree® TrueWhite® and XLamp® are registered trademarks, and SC5 Technology™ is a trademark of Cree, Inc. ENERGY STAR® is a registered trademark of the U.S. Environmental Protection Agency.