New Cree Directional Lamps Light the LED Revolution

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces new Cree TrueWhite™ Technology-based directional LED lamps designed to address one of the largest segments of the directional lamp market.

In response to customer requests, Cree is launching a new high-performance BR30 retrofit lamp, the LBR-30™, aimed at replacing energy-wasting incandescent lamps commonly used in tracks, commercial and residential recessed downlights. The new lamp delivers 600 lumens with flood or wide flood distributions, while only consuming 11 Watts. The LBR-30 is planned for availability later this summer.

Cree is also increasing the performance of its LRP-38™ LED lamp. A narrow beam spotlight with tens of thousands of units installed in offices, retail, grocery stores and museums across North America, the LRP-38 delivers exceptional color quality and is designed to last 50,000 hours. The enhanced LRP-38 has received a 20 percent boost in performance, and a 30 percent increase in overall efficacy, enabling replacement of 75 Watt incandescent lamps while consuming 85 percent less energy. Lumen output has increased from 500 lumens to 600 lumens, while input power has been decreased to 11 Watts from 12 Watts.

Cree will be showing its new LRP38-1000L in its Lightfair booth#149, which delivers 1000 lumens of directional light, while consuming only 16 Watts. Availability of the new PAR lamp, in both spot and flood distributions, is expected in fall 2010.

“We continue to extend the availability of Cree TrueWhite Technology into a wider variety of directional lamps,” said Mike Fallon, Cree, vice president, sales, LED Lighting. “Every LED lamp installed in a track or recessed downlight eliminates another energy-wasting incandescent or toxic fluorescent bulb from the market. And since our lamps are designed to last 50,000 hours in open fixtures, end users can reap additional savings by minimized relamping and maintenance.”

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 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 visit www.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 be unable to develop and release commercial products with performance ratings comparable to the development results described above; the risk we may encounter delays or other difficulties in ramping up production of our new products; the risk actual savings may vary from expectations; the potential lack of customer acceptance of the 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 TrueWhite, LBR-30 and LRP-38 are trademarks of Cree, Inc.