Date Announced: 23 Jan 2013 Durham, NC - Cree, Inc. (Nasdaq: CREE) is extending the revolutionary XSP Series LED Street Light portfolio to deliver municipalities improved performance at even more affordable price points. The new XSP2L™ LED street light increases lumen output over 35 percent compared to the original XSP luminaire. The XSP2L LED is the ideal replacement for outdated high-pressure sodium and metal-halide fixtures up to 400 watts.Delivering better performance and lower cost per lumen, the Cree® XSP Series LED Street Light boasts an industry-leading ten year warranty and a calculated L70 lifetime of more than 100,000 hours and features a state-of-the-art thermal management system to improve overall performance. The result is a high-performance luminaire that delivers up to 30 percent more lumens per dollar.“Cree is committed to helping communities significantly lower their energy costs and maintenance expenses,” said Greg Merritt, vice president, lighting at Cree. “The latest Cree innovation makes LED street lighting available for higher performance applications with compelling payback.”Cree XSP Series LED Street Lights are sold through Cree lighting sales channels. Visit www.cree.com/xsp for more information. About CreeCree 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, electronic signs and signals, power supplies and solar inverters.For additional product and company information, please refer to www.cree.com/lighting.To learn more about the LED Lighting Revolution, please visit www.creeledrevolution.com.