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Updated: July 8th, 2008 05:26 PM CDT

Cree Announces First Power Switch and Diode Co-Pack

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Key to Cree's market advantage is its world-class materials expertise in SiC and GaN for chips and packaged devices that can handle more power in asmaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current, switch-mode power supplies andvariable-speed motors, and more-effective wireless infrastructure for data and voice communications.

Cree customers range from innovative lighting fixtures makers to defense-related federal agencies. Cree's product families include blue and green LEDchips, lighting LEDs, LED backlighting solutions, power-switching devices andradio-frequency/wireless devices. For product specifications please refer towww.cree.com.

This press release contains forward-looking statements involving risks anduncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to anumber of factors, such as the risk we may encounter delays or other difficulties in ramping up production of our new products, which are currently available for evaluation and testing purposes only; the risk we may be unableto manufacture these 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 ourproducts obsolete; the potential lack of customer acceptance for the products; variations in demand for Cree's products and its customers' products; andother factors discussed in Cree's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 25,2006 , and subsequent filings.

Cree is a registered trademark of Cree, Inc.

SOURCE Cree, Inc.


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