Cree Revolutionizes High-Efficiency Switching with New Z-Rec™ 1700-V Junction Barrier Schottky Diode Series

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in silicon carbide power devices, announces the industry’s first commercially available Z-Rec™ 1700-V Junction Barrier Schottky (JBS) diode products. Leveraging silicon carbide’s unique advantages over silicon to virtually eliminate diode switching losses, these diodes are targeted at high-voltage power-conversion applications in motor-drive, wind-energy and traction systems.

Initial products in the 1700-V series include 10-A and 25-A JBS diodes in die form, ready for integration into 1700-V power modules ranging from 50 to 600-A. The new 1700-V JBS series can increase the efficiency, reliability and longevity of power systems while also reducing the overall system size, weight and cost.

“The 1700-V diodes extend our leadership in energy-efficient power systems for data-center and solar-power markets to new markets such as wind-energy, train, tram and electric-vehicle power converters,” said Cengiz Balkas, Cree, vice president and general manager, Power and RF. “Cree has the diodes of choice when high-efficiency power systems are a must. The advantages of silicon carbide are clear, and for high-voltage, high-frequency systems, you can’t afford not to use SiC.”

“ABB has been closely involved with the development of SiC technology for many years,” said Francisco Canales, senior principal scientist, ABB Corporate Research. “SiC diodes and switches provide an important step forward in technology that allows the increase of operation frequency, reduced size and weight while providing state-of-the-art efficiency in applications such as motor drives and solar inverters. The 1700-V devices now being launched by Cree are an important step in the development of this technology.”

For more information about Cree’s family of Z-Rec SiC diodes, including 600 V, 1200 V and the new 1700 V families, visit www.cree.com/power.

About Cree
Cree is a market-leading innovator of semiconductor solutions for wireless and power applications, lighting-class LEDs, and LED lighting solutions.

Cree’s product families include power-switching devices and radio-frequency/wireless devices, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, and LED fixtures and bulbs. Cree solutions are driving improvements in applications such as variable-speed motors, wireless communications, general illumination, backlighting and electronic signs and signals.

For additional product and company information, please refer to www.cree.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; customer acceptance of the 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, 2009, and subsequent filings.

Cree is a registered trademark and Z-Rec is a trademark of Cree, Inc.