Cree Boosts Performance of Industry Leading XLamp XP LEDs

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) continues to innovate to deliver industry-best performance in its high-power XLamp® XP-L and XP-G2 LEDs. By leveraging key elements of Cree’s SC5 Technology Platform, the XP-L and XP-G2 LEDs now provide up to nine percent more lumens and lumens-per-watt (LPW) than previously available. These enhancements allow lighting manufacturers to quickly increase performance for existing designs without any additional investment or requalification.

“We originally selected the XP-G2 LED for our street lighting products because of its high performance and proven reliability,” said Dante Cariboni, CEO, Fivep SpA

(Cariboni Group). “The brighter and more efficient XP-G2 LED announced today will allow us to improve the performance of our products without changing the design.”

xpl-thumb“Cree has a history of introducing significant LED advancements, like our Extreme High Power LEDs, that enable our customers to achieve industry-leading lighting system performance and cost,” said Dave Emerson, vice president and general manager for Cree LEDs. “We also understand that our customers have invested significant time and resources in existing designs that incorporate Cree XLamp® LEDs. The higher performing XPL and XPG2 LEDs are examples of how Cree delivers innovation that our customers can use immediately to improve existing designs.”

Cree pioneered the industry-standard form factor with the XP platform and has continued to deliver breakthrough performance to the platform. Sharing the same 3.45mm x 3.45mm footprint, the XLamp XP-L LED delivers up to 1150 lumens, while the XLamp XP-G2 LED delivers up to 586 lumens, both at 85°C. Reflecting the excellent long-term reliability of the XLamp XP platform, both the XP-L and XP-G2 LEDs have 10,000 hours of LM-80 data available at 105°C, delivering reported L90 lifetimes of greater than 36,000 hrs, which is less than 10 percent light loss after four years.

Product samples are available now and production quantities are available with standard lead times. Please visit http://www.cree.com/xlamp to learn more.

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 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 our new 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 28, 2015, and subsequent filings.

Cree® and XLamp® are registered trademarks, and SC5 Technology is a trademark of Cree, Inc.

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