N@N

DURHAM, N.C.--([ BUSINESS WIRE ])--Cree, Inc. (Nasdaq: CREE) introduces new mid-power XLamp ML-C and ML-E LEDs, bringing increased versatility and flexibility to a wide spectrum of lighting applications. Designed to accelerate the adoption of LED lighting, the expanded XLamp ML family now offers red, green and blue color options, high-voltage and three different price-performance options in the proven and reliable ML package. The ML LED high-voltage options can enable the use of more efficient, smaller drivers to lower cost for applications such as LED replacement lamps.

"Providing the broadest portfolio of LED components is essential to accelerate LED adoption"

XLamp ML LEDs deliver the flexibility and optimization needed to quickly design a portfolio of products for multiple lighting applications, including architectural, hospitality, emergency vehicle, decorative lighting, and linear florescent LED replacements. With a shared 3.5mm x 3.45mm footprint, customers can quickly and easily expand or update their product portfolio by leveraging a common ML package.

aUsing products from Creeas ML LED family gives us great flexibility,a said Michael Pena, President, Blue Ridge Lighting Solutions. aFrom a full white color temperature spectrum and different power ratings to the offer of color LEDs, the family of ML products gives us the capacity to offer our customers a full range of lighting options.a

aProviding the broadest portfolio of LED components is essential to accelerate LED adoption,a said Mike Watson, Cree senior marketing director, LED components. aCreeas expanded family of optimized ML LEDs further extends the options for our customers to support a wide array of lighting applications without sacrificing lighting-class performance.a

The ML-C LED delivers luminous flux up to 37 lumens in cool white (5000 K) and up to 31 lumens in warm white (3000 K), both at 100 mA. The series versions of XLamp ML-C and ML-E white LEDs have typical voltages of 6.4V and 9.6V, respectively, at 50 mA. The entire family of XLamp ML white LEDs provides 6000 hours of LM-80 data available now, which can speed up the ENERGY STAR qualification process. The XLamp ML white family is also available in minimum 80, 85 and 90 CRI options.

For more information on how Cree is accelerating LED lighting adoption, visit [ www.cree.com/versatile ]. To locate a distributor, please visit [ www.cree.com/buyxlamp ].

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.

Creeas 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 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 the new products; the risk that actual savings may vary from expectations; the rapid development of new technology and competing products that may impair demand or render Creeas products obsolete; and other factors discussed in Creeas filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 26, 2011, and subsequent filings.

Cree and XLamp are registered trademarks of Cree, Inc. ENERGY STAR is a registered trademark of the U.S. Environmental Protection Agency.