October 23, 2012

Cree Delivers Highest-Efficacy Lighting-Class LED Arrays

Four New CXA LED Arrays Deliver High Performance and Ease-of-Use
DURHAM, NC -- Cree, Inc. (Nasdaq: CREE) announces new CXA LED Arrays, boasting high lumen output and high efficacy in a family of single, easy-to-use components. Optimized to simplify designs and lower system cost, Cree’s newest CXA LEDs can deliver system-level performance ranging from 500 to 5000 lumens and up to 146 LED lumens per watt, enabling applications ranging from LED replacement lamps to commercial downlights.

CXA LED Arrays are available in EasyWhite® color temperatures, providing the LED industry’s best color consistency for designs that use only one LED. The CXA LED Arrays are designed to be used as a single component in an LED design – emulating the single-filament appearance of traditional lighting products. One component means simplified design, manufacturing and inventory management – enabling lighting manufacturers to shorten time to market and reduce manufacturing costs.

“We switched to Cree’s new CXA1507 LED Array because it delivers higher performance over other LED arrays,” said Jason Lee, president of Gama Illuminer. “The easy-to-use package of the CXA1507 LED Array with well-designed features and small optical source made design and manufacturing simple.”

The new CXA family offers four new CXA LED Arrays (CXA1507, CXA1512, CXA2520 and CXA2530) delivering different lumen levels in two packages and optical sizes (minimum 80 and 90 CRI available).

“Cree is the only LED manufacturer that can deliver industry-leading performance in all LED packages,” said Mike Watson, Cree senior director marketing, LEDs. “The CXA1512 LED Array can deliver over 1900 lumens at 120 lumens per watt in a very small 9-mm optical source size. Other LED arrays may come close to this level of performance, but not in this small of a form factor. The CXA1512’s small size is critical for enabling low system cost in a wide range of lighting applications, from narrow-beam spotlights to wide-area lights.”

Cree XLamp® CXA LED Array samples are available now and production quantities are available with standard lead times. To learn more about the new CXA LED Arrays, please visit www.cree.com/cxa. Visitors to the Hong Kong International Lighting Fair, October 27-30, can see the new CXA LED Arrays at Cree’s booth, 1E-B22.

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. To learn more about the LED Lighting Revolution, please visit www.creeledrevolution.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 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 24, 2012, and subsequent filings.