Cree Announces Industry’s First Red-Green-Blue-White Multichip LED and XLamp® Color LED Performance Breakthrough

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, is expanding its high-power color LED product offerings. Cree is unveiling the industry’s first multichip MC-E LED with red, green, blue and white chips—all in a single package. It is also pairing new LED chip innovations with its industry-leading XLamp® XP-E package to deliver the highest performance family of discrete, high-power color LEDs available.

The XLamp MC-E color is a unique package design, combining white, red, green and blue LED chips in a single component. The first of its kind in the industry, this compact component provides design flexibility for color-changing LED applications that require high flux from a small lighting source, such as entertainment and architectural lighting.

With the industry’s highest performance, the XLamp XP-E color LEDs provide up to 22 percent more flux than the existing XLamp XR color portfolio, with an 80 percent smaller footprint. The XP color portfolio is available in flux bins, at 350 mA, up to:

* Royal Blue: 500 mW
* Blue: 39.8 lumens
* Green: 107 lumens
* Amber: 56.8 lumens
* Red: 56.8 lumens

Compared to the current XLamp XR color LEDs, space between the LED die can be reduced by 75 percent with the new XLamp XP-E color LEDs and 94 percent with the new XLamp MC-E color LED. This reduction in spacing can allow better color mixing and shadow reduction for color-based applications, including decorative, architectural and entertainment lighting. Cree is sampling the MC-E and XP-E color LEDs, with production quantities targeted for Q3 calendar 2009.

“We have leveraged the LED chip and packaging innovations developed for our lighting-class white LEDs to deliver real performance gains in high-power color LED applications,” said Paul Thieken, Cree marketing director, LED components. “The combination of technology innovation and package flexibility gives designers working with Cree’s color LEDs increased brightness, flexibility and control.”

Learn more about these products at www.cree.com/products/xlamp_new_colors.asp.

About Cree
Cree is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor solutions for wireless and power applications.

Cree’s product families include recessed LED down lights, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, backlighting, electronic signs and signals, variable-speed motors, and wireless communications.

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 we may encounter delays or other difficulties in ramping up production of our new sample products, which are currently available for evaluation and testing purposes only; the risk we may be unable to develop and release commercial products with performance ratings comparable to the development results described above; the risk we may be unable to manufacture products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the potential lack of customer acceptance of the 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, 2008, and subsequent filings.