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Cree Sets New R&D Performance Record With 254 Lumen-Per-Watt Power LED

LED lighting leader Cree, Inc. (Nasdaq: CREE), delivers another industry first with a barrier-breaking 254 lumen-per-watt white R&D power LED. This significant milestone exceeds Cree’s previous R&D industry record of 231 lumens per watt and demonstrates Cree’s continued commitment to accelerate the adoption of LED lighting.

Elements of Cree’s innovative SC³ Technology Platform, available today in Cree XLamp ® LEDs, enable this record-breaking R&D result. The SC³ Technology Platform is built upon Cree’s advanced silicon carbide technology, features advancements in LED chip architecture and phosphor, and boasts a new package design to deliver the most advanced LED components in the industry.

Cree reports that the LED efficacy was measured at 254 lumens per watt, at a correlated color temperature of 4408 K. Standard room temperature, 350 mA testing, was used to achieve the results.

“The latest innovation from our R&D labs is another game changer for the industry,” said John Edmond, Cree co-founder and director of advanced optoelectronics. “The core of the Cree R&D culture is a relentless focus on innovation that ultimately drives LED adoption. Higher-performance LEDs can enable new and better LED-based applications and drive down the solution cost of LED designs.”

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 we may be unable to develop and release commercial products with performance comparable to the development results described above; 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 26, 2011, and subsequent filings.

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