Cree Extends EasyWhite™ Technology to Its LED Module Family

Lighting Manufacturers Now Have Access to an Expanded Portfolio of Color Temperatures and Color Rendering Options

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, expands its LED Module LMR4 product line with the introduction of Cree EasyWhite™ technology and a broad range of available color temperatures. The larger LMR4 portfolio demonstrates Cree’s commitment to accelerating the adoption of LED lighting by simplifying the design process and shortening time-to-market for new LED-based fixtures. Lighting manufacturers now have more options as they develop LED lighting products.

“The addition of EasyWhite options and additional color points gives us increased flexibility when designing fixtures,” said Mark Danesh, President and CEO of DMF Lighting. “Since the LMR4 is drop-in-ready, we can now address more applications within a limited development budget; from general illumination to our most demanding customers such as restaurants or museums, which benefit from the higher light quality of Cree’s TrueWhite® technology.”

The Cree LED Module LMR4 with EasyWhite technology uniquely integrates driver electronics, optics and primary thermal management, making the compact Cree module easy to integrate and fast to market. Designed to last 35,000 hours while consuming just 12 watts of power, it offers 2700-K, 3000-K, 3500-K and 4000-K color temperatures at 80 CRI.

“Cree LED Module customers now have access to EasyWhite technology, allowing them to expand their design possibilities while shortening the manufacturing cycle for new products,” said Scott Schwab, Cree LED Module product line manager. “This further broadens Cree’s portfolio of application-optimized LED Modules, specifically designed to meet the needs of our OEMs.”

The Cree LED Module LMR4 with EasyWhite technology is available in production quantities now with standard lead times. Also available are new module evaluation kits featuring four modules with a mix of Cree TrueWhite and EasyWhite options.

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 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 possibility that actual energy savings may vary from expectations; 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, 2009, and subsequent filings.

Cree and TrueWhite are registered trademarks and EasyWhite and Cree TrueWhite are trademarks of Cree, Inc.