New Cree XLamp® MT-G LED Delivers Unprecedented Performance

Enables Customers to Address High-Output Halogen Retrofits

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces a new lighting-class LED designed for high-output, small form-factor directional lighting applications. The XLamp MT-G LEDs are optimized for 35W-50W halogen MR16 retrofit bulbs and other accent, track, display and down lighting used in retail stores, residential settings, museums, art galleries, hospitality and landscapes and are the first commercial LEDs to deliver sufficient light output for these applications.

The multi-die XLamp MT-G LED features Cree EasyWhite™ technology to deliver consistent color in a small, highly efficient package. This innovative LED is designed for the high-lumen, small-footprint requirements of 35 and 50 Watt halogen retrofit lamps. Cree engaged driver, thermal and optic providers to create an MR16 lamp reference design to further enable its LED customers to quickly address this market. The reference design is available for free at mtg.cree.com.

“To date, there are no energy-efficient alternatives for many high-lumen, small form-factor, directional lighting applications. Until now, LED-based MR16 lamps have been a tremendous challenge for the lighting design community in terms of both light output and color consistency due to their small size and limited capacity for thermal management,” said Paul Thieken, Cree, director of marketing, LED components. “Cree developed this LED from the ground-up with applications like these in mind, and its introduction signals the arrival of the LED lighting revolution in these high-profile markets.”

The XLamp MT-G LED is the first in the industry binned and tested at 85 degrees C which can simplify luminaire design calculations and speed time-to-market. With a 9mm x 9mm footprint, the MT-G LED delivers up to 560 lumens at 1.1A at 85 C or up to 1525 lumens at 4A at 85 C in warm white (3000K). Samples are available immediately and production volumes are available with standard lead times.

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 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 encounter delays or other difficulties in ramping up production of our new products; the risk we may be unable to manufacture the 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 27, 2010, and subsequent filings.