Cree Revolutionizes Indoor and Outdoor Video Screen Market

Two New High-Contrast and Water Resistant High-Brightness LEDs Are Designed to Simplify Manufacturing and Lower System Cost

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, has raised performance levels for high-brightness LEDs optimized for high resolution indoor and outdoor video screens with its new water resistant and higher contrast high-brightness LEDs. The superior contrast offered by these Cree LEDs extends the benefits of typical, black surface-mount LEDs that are used for high-definition, high-resolution LED screens and displays.

The Screen Master® CLX6A-FKB delivers industry-leading intensity and far-field pattern matching for high-resolution full-color displays in a small water resistant package. Optimized for outdoor use with both IPX6 and IPX8 ratings, this PLCC6-type LED eliminates the need for a protective cover, reducing overall systems cost and delivering higher brightness. It is the industry’s first water resistant, tall LED package, designed with dimensions that provide superior thermal performance and make it easier for customers to assemble.

The Screen Master CLVBA-FKA is Cree’s first black-body RGB surface-mount LED, optimized to provide the highest contrast ratio for indoor video screens. It has matched red-green-blue far-field patterns, delivering a consistent viewing experience across a wide range of viewing positions and unrivaled color vibrancy.

“Cree has the broadest portfolio of products optimized for the indoor and outdoor video screen market.” said Mike Watson, Cree, senior director of marketing, LED components. “Two years ago, Cree introduced the first water resistant surface mount LED. With the CLX6A, Cree demonstrates our leadership again by introducing the industry’s first water resistant SMD LED in an easy-to-assemble, tall package. These new products allow our customers to create superior video screens that provide the viewing public with a better, richer image.”

Screen Master CLX6A and CLVBA high-brightness LEDs are commercially available now. To locate a distributor, please visit www.cree.com/buyhb.

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 visitwww.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; 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 27, 2010, and subsequent filings.