Cotco honored with HSBC Living Business Award

Date Announced: 13 Aug 2007

-- Cree's Subsidiary Recognized for Environmental and Community Contributions

Cree, Inc., a market-leader in LED solid-state lighting components, today announced that its COTCO International Limited subsidiary has been honored by the Hong Kong and Shanghai Banking Corporation with the HSBC Living Business Award Certificate of Excellence.

The certificate recognizes COTCO's contributions to the environment and to the local community in Hong Kong. Cree and its COTCO subsidiaries are global leaders in the development and production of energy-efficient LED products and technologies that significantly reduce energy consumption in lighting applications.

The HSBC Living Business program helps commercial enterprises become more competitive and productive by implementing socially and environmentally responsible business practices. With the support of the Business Environmental Council and the Hong Kong Council of Social Service, the HSBC Living Business Awards recognize organizations that have made outstanding contributions to long-term business employing responsible practices.

"COTCO is committed to environmental protection, community service and overall management quality and effectiveness," notes Scott Schwab, managing director of Cree Asia Pacific.

"We continually strive to ensure that Cree and COTCO LED products are Earth-friendly, and that our business practices are designed for the long-term benefit of the communities in which we do business."

COTCO International Limited is a subsidiary of COTCO Luminant Device Limited, acquired by Cree earlier this year.

Contact
Cree, Inc. Deb Lovig, Marketing Communications (919) 287-7505

E-mail:Deb_Lovig@cree.com

Web Site:www.cree.com

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