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Cree Sets New R&D Performance Record with 276 Lumen-Per-Watt Power LED

  Cree Sets New R&D Performance Record with 276 Lumen-Per-Watt Power LED

              Extends Leadership with Highest Efficacy Power LED

Business Wire

DURHAM, N.C. -- February 13, 2013

Cree, Inc. (Nasdaq: CREE) delivers another industry first with a
barrier-breaking 276 lumen-per-watt white R&D power LED. This significant
milestone exceeds Cree’s previous R&D industry record of 254 lumens per watt
and demonstrates Cree’s continued commitment to innovate and accelerate the
adoption of LED lighting.

Cree’s innovative SC³ Technology™ Platform, available today in Cree
XLamp®LEDs, enables this record-breaking R&D result. The SC³ Technology
Platform 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 276 lumens per watt, at a
correlated color temperature of 4401 K and 350 mA.

“The core of the Cree R&D culture is a relentless focus on innovation that
ultimately drives LED adoption,” said John Edmond, Cree co-founder and
director of advanced optoelectronics. “The innovation from our labs is the
foundation for our lighting-class XLamp LEDs. 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 24,
2012, and subsequent filings.

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

Contact:

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