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Cree’s New EZBright™ LED Chip Platform Combines High Brightness With Industry-Standard Die Attach DURHAM, NC, MARCH 8, 2006 — Cree, Inc. (NASDAQ: CREE), a leader in LED solid-state lighting components, today announced the product release of its new EZBright™ LED chip platform. A major advancement in LED chip technology, EZBright LEDs feature Cree’s highest brightness levels in a new, easy-to-die-attach chip. Now, Cree’s brightest chips can be assembled into LED packages using industry-standard processes. The first product based on this new platform is the EZBright290™, which is now available in both green and blue colors in commercial quantities. EZBright290 is targeted for white backlighting applications in LCD screens on mobile phones, PDAs, televisions and monitors, as well as for indoor and outdoor LED display, camera flash, gaming and indicator applications. “The EZBright LED platform is a significant enhancement to the Cree LED chip product family. Compatibility with epoxy die attach processes greatly increases the number of potential customers who could take advantage of our highest performance chips, and increases the number of applications that can leverage our brightest products,” stated Scott Schwab, Cree vice president and general manager of LED chips. “The EZBright290 LED is the first of many high-performance products Cree plans to release on this platform.” The EZBright platform features a proprietary optical design that delivers an optimal Lambertian radiation pattern, reducing emission losses and significantly increasing efficiency. This increase in efficiency scales well with the size of the chip, which is a significant achievement for the industry. Additional EZBright products are targeted for commercial release over the next several months. For additional information on Cree EZBright LEDs, please call 919-313-5300 or visit www.cree.com. About Cree, Inc. Cree drives its increased performance technology into multiple applications including exciting alternatives in brighter and more tunable light for general illumination, backlighting for more vivid displays, optimized power management for high-current switch-mode power supplies and variable speed motors, and more effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting fixtures makers to defense related federal agencies. Cree’s product families include blue and green LED chips, lighting LEDs in all colors, LED backlighting solutions, power switching devices and radio frequency/wireless devices. For additional product specifications please refer to www.cree.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, such as 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 products with sufficiently low cost to offer them at competitive prices or with acceptable margins, the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for the products; variations in demand for Cree's products and its customers' products; 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 26, 2005, and subsequent filings. Cree, the Cree logo and XLamp are registered trademarks of Cree, Inc.
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