Cree Introduces High Intensity Color LEDs for Highest Candela Performance

New XLamp XQ-E Offers Unrivaled Performance and Smallest Size

DURHAM, N.C., Sept. 23, 2015 Cree, Inc. (Nasdaq: CREE) introduces XLamp® XQ-E High Intensity LEDs, the industry's first family of color LEDs optimized for optical performance. This drop-in upgrade for proven XQ-E High Density designs enables lighting manufacturers to double the candela performance with minimal redesign. The new High Intensity LEDs leverage XQ-E's proven optical symmetry and consistency across all colors to improve color mixing and simplify the production process for lighting manufacturers. Built on Cree's breakthrough SC5 Technology Platform, the XQ-E High Intensity LED is the smallest building block available for color LED designs allowing lighting manufacturers to quickly boost performance and drastically reduce size for directional applications such as track and architectural lighting.

"Cree continues to drive innovation within the solid state lighting market by truly listening to the customer and providing solutions like the XQ-E High Intensity LED. At Lumenpulse, candela is the name of the game, and we want to put as much light as possible on the surface we are illuminating, as efficiently as possible," said Greg Campbell, Senior Vice President and Chief Technology Officer at Lumenpulse. 

Available in white, red, red-orange, PC amber, green, blue and royal blue, the XQ-E High Intensity LED features Cree's innovative new primary optic design that radically reduces optical source size by more than 50 percent to deliver the industry's best optical control.

"We are excited that Cree is extending its high intensity class of performance to the XQ family," said Antonio Di Gangi, CEO, DGA. "The combination of high lumen output, innovative primary optic and the tiny footprint of the XQ-E High Intensity LEDs enables us to create compact luminaires that deliver a lot of punch."

The XQ-E High Intensity White is available in color temperatures ranging from 2700K to 6200K and CRI options of 70, 80 and 90. Product samples are available now and production quantities are available with standard lead times.

Please visit www.cree.com/xlamp/xqehi for more information on Cree® XLamp XQ-E High Intensity LEDs.

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.