October 9, 2012

Cree Introduces Next-Generation Color LEDs

New High-Performance LEDs Double Lumens-per-Dollar to Accelerate Adoption of LED Lighting
DURHAM, NC -- Cree, Inc. (Nasdaq: CREE) announces commercial availability of XLamp® XB-D color LEDs and XLamp XM-L multi-color LEDs. The high-performance color LEDs provide lighting manufacturers with discrete and multi-color LED options to more cost-effectively address a wider spectrum of applications such as architectural, vehicle and display lighting.

Cree XLamp XB-D color LEDs extend the double lumens-per-dollar performance of the XB package to color LEDs, delivering up to 40 percent higher maximum light output than XP-E color LEDs. The combination of performance and the small size of XB-D color LEDs enable better color mixing and lower system cost through fewer LEDs. Now available in color as well as existing white color temperatures ranging from 2700 K to 6200 K, customers can support a full range of color in the single XB footprint.

Cree XLamp XM-L color LEDs are the brightest and smallest multi-colored LED of their power class, delivering red, green, royal blue and white in one LED at twice the lumens-per-dollar of the MC-E color LED. The XM-L color LED is 60 percent smaller than the MC-E LED, reducing the distance between LED die, to create a small optical source for excellent optical control, efficient color mixing and simplified design.

“We are excited that Cree is offering a higher performance multi-color LED,” said Michael Johnson, vice president of engineering, The Black Tank. “The smaller and brighter XM-L color LED allows us to improve system performance and lower system cost.”

XLamp XB-D color LEDs deliver up to 1416 mW for royal blue, 92 lumens for blue, 198 lumens for green, 210 lumens for red and 261 lumens for red-orange, all at 1A in the 2.45 mm x 2.45 mm footprint.

XLamp XM-L color LEDs deliver up to 89 lumens for royal blue, 214 lumens for green, 229 lumens for red and 272 lumens for white at 1A in the 5 mm x 5 mm footprint.

Cree XLamp XB-D and XM-L color LED samples are available now, and production quantities are available with standard lead times. To learn more, please visit www.cree.com/xlamp.

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.