Cree, Inc. (Nasdaq: CREE) sets a new industry benchmark with higher performance XLamp ® XP-G2 LEDs. The latest innovation boasts a seven percent increase in brightness compared to the already industry-leading XP-G2 family. The new LEDs provide lighting manufacturers with an unprecedented combination of light output, efficacy and outstanding reliability, while delivering an immediate boost in performance. “We looked at many different LEDs but selected the XP-G2 LED because of its high performance and proven reliability,” said Amy Casper, CEO of Ephesus Lighting, Inc. “We are excited that the XP-G2 LED is now even brighter. Cree’s leading-edge technology is one of the key elements in our products, allowing us to offer market-leading performance to our customers in both the industrial and sport lighting industries.” XP-G2 LEDs are used in a wide variety of applications, including street and area lighting, PAR replacement lamps and high-performance flashlights. The new XP-G2 LEDs now deliver up to 142 lumens per watt at 350 mA, 85°C or 155 lumens per watt at 350 mA, 25°C in warm white (3000K), enabling lighting manufacturers to use fewer LEDs to achieve the same brightness at a lower system cost or increase performance levels using the same LED count and power. “Cree pioneered the industry-standard form factor with the XP-G LED platform and has continued to provide the industry’s best performance since its inception,” said Paul Thieken, Cree director of marketing, LED Components. “The new XP-G2 LED furthers Cree’s proven leadership and helps protect its customers’ investment. The higher performance XP-G2 results in fewer required LEDs, which means fewer optics, a smaller printed circuit board and less handling, all of which translates to lower system cost.” “We do all of our product development in-house and we consistently look to Cree for the latest in LED technology,” said Scott Riesebosch, chief technology officer, CRS Electronics, Inc. “As a customer that uses the XP package, we’re excited to be able to extend our product portfolio with the newest XP-G2 LED, without making any additional investment.”
Cree is also announcing the availability of 6,000 hours of LM-80 long-term testing data for the XP-G2 LED. This LM-80 data provides TM-21 reported L85 lifetimes greater than 36,000 hours, translating to a remarkable 15 percent light loss after four years, even at the maximum current of 1500 mA. In addition, the XP-G2’s predecessor, the XLamp XP-G LED, now has more than 12,000 hours of LM-80 data available. All XP-G data sets provide TM-21 reported L95 lifetimes greater than 70,000 hours, or eight years, reflecting the excellent long-term reliability of the XLamp XP package.The higher performance XLamp XP-G2 LED samples are available now. Production quantities are available with standard lead times. Please visit www.cree.com/xpg2 to learn more. 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. 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 and lifetimes 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 30, 2013, and subsequent filings. Cree ® and XLamp ® are registered trademarks, and SC 3 Technology ™ is a trademark of Cree, Inc.