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Cree XLamp® Named 2006 Product of the Year

Cree, Inc. Press Release

FlashlightNews.org - 1/24/2007

Cree XLamp® one of 19 products recognized by Electronic Products Magazine

Cree's XLamp XR-E Series LED

Cree's XLamp XR-E Series LED

DURHAM, N.C. - Cree, Inc. (Nasdaq: CREE), a leader in LED solid-state lighting components, today announced that Electronic Products Magazine has named the Cree XLamp® XR-E Series white LED a 2006 Product of the Year.

From hundreds of new products covered by the publication in 2006, the editors chose 19 for special recognition based on significant advances in technology or application, innovation in design and/or substantial gain in price/performance. Cree’s new white Cree XLamp XR-E Series LEDs produce typical luminous flux of 80 lumens at 350 mA, yielding 70 lumens per watt, and establish a new lighting class of LED performance.

“Our Product of the Year Awards are geared to honor a select group of products our editors feel are outstanding,” notes Alix Paultre, Electronic Products executive editor. “Producing an output of up to 160 lumens with a drive current of 700 mA, the Cree XLamp XR-E Series LED represents the latest milestone in the migration from incandescent lamps to solid-state lighting.”

“With the rapid pace of innovation in the power LED marketplace, it is quite an honor to have the XLamp white LED named as one of Electronic Products Magazine’s 2006 Products of the Year,” says Norbert Hiller, Cree vice president and general manager of XLamp LEDs. “We are proud of our accomplishments in 2006 and are especially pleased to be recognized by this influential trade publication.”

For additional information on Cree XLamp power LEDs, please call (919) 313-5300 or visit www.cree.com/xlamp.

About Electronic Products Magazine

Electronic Products Magazine is published monthly by Hearst Business Communications. Electronic Products is distributed free-of-charge to qualified readers who are actively engaged in the application, selection or procurement of electronic components, instruments, materials, systems and subsystems. Additional information about Electronic Products can be obtained at electronicproducts.com.

About Cree, Inc.

Cree is a market-leading innovator and manufacturer of semiconductors and devices that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree’s market advantage is its world-class materials expertise in silicon carbide (SiC) and gallium nitride (GaN) for chips and packaged devices that can handle more power in a smaller 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 and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixture makers to defense-related federal agencies.

Cree’s product families include blue and green LED chips, lighting LEDs, LED backlighting solutions, power-switching devices and radio-frequency/wireless devices. For additional product specifications please refer to www.cree.com.