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Press release from Business Wire

Cree Introduces Industry's Brightest, Highest Efficacy Color LEDs

Wednesday, May 22, 2013

Cree Introduces Industry's Brightest, Highest Efficacy Color LEDs

09:00 EDT Wednesday, May 22, 2013

DURHAM, N.C. (Business Wire) -- Cree, Inc. (Nasdaq: CREE) announces commercial availability of XLamp® XP-E2 color LEDs. The new XP-E2 color LEDs deliver up to 88 percent higher maximum light output compared to alternative high-power color LEDs, enabling lighting manufacturers to more cost-effectively address a wide spectrum of applications such as architectural, vehicle and display lighting.

Built on Cree's revolutionary SC³ Technology™ next-generation LED platform, the new XP-E2 color LEDs deliver higher lumens-per-watt and lumens-per-dollar compared to the original XP-E color LEDs to lower system costs for existing XP-E color designs. The new XP-E2 color LEDs leverage the same XP footprint (3.45mm x 3.45mm) and are optically compatible with the original XP-E LED – providing drop-in-ready performance enhancements to shorten design cycle and improve customer time to market.

“We are excited that Cree is offering higher performance color LEDs in the XP footprint,” said Greg Campbell, executive vice president and chief technology officer, Lumenpulse. “The brighter XP-E2 color LEDs enable Lumenpulse to continue to provide innovative, high-performance LED lighting systems.”

XLamp XP-E2 color LEDs deliver up to 1409 mW for royal blue, 109 lumens for blue, 253 lumens for green, 203 lumens for amber, 193 lumens for red-orange and 155 lumens for red, all at maximum drive currents in the 3.45mm x 3.45mm footprint.

Samples are available now and production quantities are available with standard lead times. Cree® XLamp XP-E2 color LEDs are available in red, red-orange, amber, green, blue and royal blue. Please visit http://www.cree.com/xpe2 to learn more about the new XP-E2 color 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.

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 that actual savings 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 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 24, 2012, and subsequent filings.

Cree® and XLamp® are registered trademarks, and SC3 Technology™ is a trademark of Cree, Inc.

Cree, Inc.
Gena Fiegel, 919-407-7651
Corporate Communications
media@cree.com

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