Introduced in March 2013, Cree’s second-generation SiC MOSFETs have been well received throughout the power industry and are experiencing an increasing rate of adoption in several key applications, including a design-in at a major manufacturer’s next-generation, highly efficient PV inverters. With SiC, power supply manufacturers are able to reduce their component count to help improve reliability while maintaining or improving the power supply’s efficiency. Improving power density can also lead to reductions in the size, weight, volume and in some cases, even the cost of power supplies. SiC has been demonstrated to achieve more than twice the power density than typical silicon technology in standard power supply designs.Packaged SiC MOSFETs from Cree are available from DigiKey, Farnell/Newark, Richardson and Mouser, and die are available from SemiDice. For more information, please visit www.cree.com/power or contact a local Cree sales person or distributor. About Cree Cree is a market-leading innovator of semiconductor products for power and radio-frequency (RF) applications, lighting-class LEDs and LED lighting solutions. 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, electronic signs and signals, power supplies and solar inverters. For additional product and company information, 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, 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 our new 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 ® is a registered trademark of Cree, Inc.