Cree Broadens LED Module Family to Further Accelerate Adoption of LED Lighting

LMR2 LED Module Can Enable Lighting Manufacturers to Expand Their LED Portfolio

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, is extending its LED module family with the Cree LMR2 LED Module, a compact, high-efficiency module that provides a simple solution for lighting designers and manufacturers looking to offer best-in-class LED lighting. The previously-released Cree LMR4 LED Module is also now available in four color points, 2700 K, 3000 K, 3500 K and 4000 K, each based on Cree TrueWhite® Technology.

The versatile LMR2 module uses Cree TrueWhite Technology to provide efficient, high-quality light for a variety of applications such as restaurants, retail and hospitality lighting where high CRI and efficacy are required. Its 2.25-inch aperture allows increased design flexibility for applications including pendant lighting, sconces, wall washers, as well as small aperture downlights.

Designed to last at least 35,000 hours and dimmable to 5 percent, the LMR2 module delivers 650 lumens at color temperatures of 2700 K, 3000 K, 3500 K and 4000 K with a 90 CRI. It is drop-in ready and provides a comprehensive solution with integrated driver electronics, optics and primary thermal management. Fixture manufacturers also have the option to include a specially designed heat sink to accommodate high-heat applications, such as downlights.

“The LMR series of LED modules continues Cree’s long history of innovation in LEDs for lighting applications,” said Scott Schwab, Cree LED Module product line manager. “We are extending our portfolio of application-optimized LED Modules which are designed to help OEM customers quickly and simply design, and bring to market, fixtures based on our lighting-class LEDs.”

Sample evaluation kits are available now directly from Cree’s website, www.cree.com/modules, and production quantities are available with standard lead times through both Cree and Cree module distributors.

About Cree
Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete 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 LED fixtures and bulbs, 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. 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 we may encounter delays or other difficulties in ramping up production of our new products; the risk we may be unable to manufacture the products with sufficiently low cost to offer them at competitive prices or with acceptable margins; 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 27, 2010, and subsequent filings.