Cree's XLamp XM-L2 EasyWhite LED delivers more than 1100 lm

June 3, 2014

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) introduces the new XLamp® XM-L2 EasyWhite® LED, delivering more than 1,100 lumens of color-consistent light from a 5mm x 5mm package and enabling a 38 percent gain in light output and efficacy as a drop-in upgrade to the first-generation XM-L EasyWhite LED. Built on Cree’s EasyWhite technology, which combines the industry’s tightest color binning and intense light output from a single LED, the XM-L2 EasyWhite LED is optimized to replace halogen technology.

“The new XLamp® XM-L2 EasyWhite® LED offers greater optical control and an immediate performance boost to our existing designs using the XM-L EasyWhite LED,” said Tom Tang, Chairman, Tons Lightology Inc. “Having a drop-in replacement eliminates the need to redesign existing products, which lowers costs and helps speed our time to market.” Developed to be used as a single component in small form factor lighting designs, the XM-L2 EasyWhite LED is designed to emulate the appearance and match the color consistency of halogen lamps. The XM-L2 EasyWhite LED offers 2-step and 4-step MacAdam ellipse bins to deliver the industry’s best color consistency, which is required for retail, residential, museum and hospitality applications. “Cree continues to lead the way in optimizing LEDs for optical performance and color consistency,” said Paul Thieken, director of marketing, LED Components, Cree, Inc. “We were the first to introduce an LED optimized for 50-watt halogen performance with the XLamp® MT-G EasyWhite® LED. Now with the XM-L2 EasyWhite LED, Cree delivers the same amount of light with the best color consistency in a package that’s 70 percent smaller, reducing the system cost for LEDs in halogen replacement applications.” Characterized at 85°C, the XM-L2 EasyWhite LED is available with 80 and 90 minimum CRI options, color temperatures ranging from 5000K to 2700K and forward voltage configurations of 6V or 12V. Lighting manufacturers seeking ENERGY STAR® qualification can take advantage of the XM-L2 EasyWhite LED’s “successor” status to the XM-L EasyWhite LED and use just 3,000 hours of LM-80 data -- half of what is normally required -- for ENERGY STAR qualification. Product samples are available now and production quantities are available with standard lead times. Please visit http://www.cree.com/LED-Components-and-Modules/Products/XLamp/Arrays-Directional/XLamp-XML2-EasyWhite 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. Please refer to www.cree.com for additional product and company information. 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 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®, EasyWhite®, and XLamp® are registered trademarks of Cree, Inc. ENERGY STAR® is a registered trademark of the U.S. Environmental Protection Agency.

Contact:

Ryan Roccaforte - for Cree
+1-919-457-0747

E-mail:

[email protected]

Web site:

www.cree.com