Cree Repeats as Lighting for Tomorrow Grand Prize Winner

LR6-DR1000 expected to accelerate commercial adoption of SSL downlights

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces that it won the top prize in the 2009 Lighting for Tomorrow – Solid State Lighting Competition. The Cree LR6-DR1000 recessed downlight was awarded the coveted Grand Prize at an award ceremony at the American Lighting Association (ALA) Conference this week. The Cree LRP-38, a PAR38 bulb, and the LR6-HE (high-efficiency) were also recognized with Special Focus Awards for technical innovation and high efficiency, respectively.

The Grand Prize-winning Cree LR6-DR1000 is a high-output six-inch downlight that produces more than 1000 lumens of light output. Targeted for commercial release early next year, the LR6-DR1000 is designed to operate off an input power of less than 13 Watts, delivering an efficacy in excess of 77 lumens per Watt which makes it the most efficient, specification-grade LED downlight.

The winner of the technical innovation award, the LRP-38 bulb features Cree TrueWhite™ technology to deliver the vibrant color of halogen with high efficacy. Released in May 2009, the LRP-38 is replacing halogen and ceramic metal halide (CMH) lamps in numerous applications including fresh food displays, furniture stores, retail environments and museums.

This international design competition is organized by the ALA, the U.S. Department of Energy (represented by Pacific Northwest National Laboratory) and the Consortium of Energy Efficiency. A panel of 11 judges from various areas of the lighting industry evaluated the entries based on color appearance, color rendering, efficiency, innovation and other criteria.

“Cree is lighting the LED revolution with breakthrough products that redefine energy-efficient illumination,” said Gary Trott, vice president of market development, Cree LED Lighting. “Over the past three years, every Cree LED Lighting product has won a Lighting for Tomorrow award.”

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 backlighting, 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, electronic signs and signals, variable-speed motors, and wireless communications.

For additional product and company information, please refer to www.CreeLEDLighting.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 be unable to release commercial products with features 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; customer acceptance of LED 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, 2009, and subsequent filings.