Zumtobel Launches New LED Fixtures Based on Cree TrueWhite™ Technology

FRANKFURT -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces that Zumtobel, a leading lighting manufacturer, has launched three new groundbreaking LED fixtures based on Cree TrueWhite™ Technology.

Debuting at the Light + Building tradeshow in Frankfurt this week, these fixtures are the latest result of an ongoing, multi-year collaboration between Cree and Zumtobel.

Zumtobel has announced the new fixtures will be available on May 1, 2010. They include:

* PANOS INFINITY, professional LED downlight family with up to 2800 delivered lumens at 77 lumens per watt luminaire efficiency,
* CRAYON, LED downlight delivering 1000 lumens,
* VIVO LED-R, LED spotlight and pendant family.

“This new product launch demonstrates the enormous advantages of solid state lighting over conventional sources; resulting from the powerful combination of Zumtobel’s world-class lighting fixture development capabilities with Cree’s market-leading TrueWhite technology,” said Ty Mitchell, Cree, vice president and general manager, LED Lighting. “We believe the unparalleled performance of these products will further accelerate the LED lighting revolution in Europe and around the world.”

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 backlighting, 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, electronic signs and signals, variable-speed motors, and wireless communications.

For additional product and company information, please refer to www.CreeLEDLighting.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 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 28, 2009, and subsequent filings.

Cree is a registered trademark and TrueWhite and Cree TrueWhite are trademarks of Cree, Inc.