Cree XLamp(TM) LEDs Achieve Industry's Highest White Light Brightness
Source/Type: Press Releases - As issued by company

November 3, 2004... DURHAM, North Carolina USA -- Cree, Inc. (Nasdaq: CREE), a market leader in light emitting diode (LED) technology, today announced that its XLamp(TM) 7090 white LED product has achieved the highest commercially available brightness in the industry, offering 40-60 lumens at 350mA. With a typical brightness of 45 lumens, the XLamp 7090 white LED significantly reduces energy consumption by providing customers more light in the same amount of space using less electrical power. Cree's new higher brightness white XLamp LEDs are available in sample quantities, with production volumes targeted to be available in December 2004.

"The breakthrough level of brightness we have demonstrated outpaces any known commercial offering on the market today and we believe this achievement sets a new benchmark in the industry," stated Norbert Hiller, Vice President of Cree Lighting. "The XLamp 7090 white LED delivers significantly more light for architectural lighting and backlighting applications."

The first XLamp power LEDs were introduced in July 2004. These products offer a cost-effective alternative to traditional lighting methods such as incandescent bulbs and other conventional light sources by providing longer life, lower maintenance costs and reduced energy consumption. The XLamp 7090 white LED is ideal for applications such as portable/consumer electronics, architectural and landscape lighting, as well as automotive forward lighting.

About Cree, Inc.

Cree is an advanced semiconductor company that leverages its expertise in silicon carbide (SiC) and gallium nitride (GaN) materials technology to produce new and enabling semiconductors. The products include blue, green and near ultraviolet (UV) light emitting diodes (LEDs), near UV lasers, radio frequency (RF) and microwave devices, and power switching devices. Cree understands the important convergence of science, technology and creativity, placing high value on ideas, as well as the energy and ability of its people. Potential applications for these products include solid-state illumination, power switching, wireless infrastructure and optical storage. For additional product specifications, please refer to the data sheets on Cree's website at http://www.cree.com under "Lamp Products."

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, such as the risk we may encounter delays or other difficulties in ramping up production of the new products; the risk we will be unable to manufacture the products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for the products; 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 27, 2004 and subsequent filings.

Cree and the Cree Logo are registered trademarks, and XLamp is a trademark of Cree, Inc.

Contact:
Cynthia Merrell
Chief Financial Officer
Cree, Inc.
cynthia_merrell@cree.com
(T) 919-313-5300
(F) 919-313-5452

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