Cree Sets a New Performance Standard for High Power LEDs

New Family of LEDs Achieves 50% Improvement over Previous Industry Best

DURHAM, N.C., July 14, 2015 — Cree, Inc. (Nasdaq: CREE) announces the new XLamp® XHP35 family of LEDs with 50 percent more light output than Cree’s previous highest-performing single-die LED, setting a new performance standard for the 3.5mm footprint. Built on Cree’s SC5 Technology platform, the XHP35 LED introduces Cree’s breakthrough high-voltage power die architecture, empowering manufacturers to unleash the full capacity of extreme high power LEDs using existing drivers. The new XHP35 LED delivers up to 1,833 lumens without the optical inefficiencies of a multi-die LED to enable new designs with reduced size and lower system costs.

 “We’re excited that the XHP35 LED brings the performance of Cree’s Extreme High Power LEDs to the XP footprint,” said Jorge Fraile, CEO, Hispaled. “In addition to delivering an impressive amount of light, the XHP35 LED allows us to leverage existing drivers to achieve the full performance of Cree’s high power LEDs at lower drive currents.”

Unlike other existing high power LEDs, the XHP35 family of LEDs uses a new 12V monolithic power die to deliver extreme high power performance at drive currents at or less than 1A, making the use of high power LEDs more accessible for lighting designers. This breakthrough is uniquely enabled by Cree’s SC5 Technology Platform built on Cree’s industry-leading silicon carbide technology and features significant advancements in epitaxial structure, chip architecture and an advanced light conversion system optimized for best thermal and optical performance.

The XHP35 LEDs are available in high density and high intensity versions that are optimized to deliver the maximum performance for specific applications. The XHP35 High Density LED delivers new levels of light output in the compact XP footprint for high lumen applications, such as outdoor and high bay lighting. The XHP35 High Intensity LED is optimized to deliver maximum candela through secondary optics to boost performance and reduce size for applications requiring high light intensity, such as stadium, torch and track lighting.

 “Cree continues to redefine the performance of high power LEDs. The XHP35 LED represents a breakthrough that goes well beyond the incremental advances of other LED suppliers,” said Dave Emerson, vice president and general manager for Cree LEDs. “Now, more than ever, manufacturers will be able to tap the full power of extreme high power LEDs to forge lighting designs that were previously thought to be impossible.”

Samples of both XLamp XHP35 and XHP35 High Intensity LEDs are available now, and production quantities are available with standard lead times. The XHP35 LEDs are available in 70, 80 and 90 CRI and color temperatures ranging from 2700K to 8300K with 2-step and 3-step EasyWhite® options.

Please visit www.cree.com/xhp for more information on Cree® XLamp XHP 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 new 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 29, 2014, and subsequent filings.

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Cree®, EasyWhite® and XLamp® are registered trademarks, and SC5 Technology is a trademark of Cree, Inc.