Photo Release -- Cree XLamp LED Light Warms Up the Croatian Riviera


DURHAM, N.C., June 19, 2007 (PRIME NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a leader in solid-state lighting components, announced today that its XLamp(r) LEDs now illuminate the Riviera waterfront in Croatia, a popular destination for millions of travelers each year. For this high-visibility location, Schreder, a leading outdoor-lighting manufacturer, created an elegant, custom-designed streetlight featuring the warm glow of XLamp(r) XR-E LEDs.

A photo accompanying this release is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3848

Schreder's LED walkway luminaire incorporates 180 high-power XR-E LEDs that provide an appealing, warm-white light. Cree warm-white XR-E LEDs produce up to 124 lumens at 3,000 K, leading the industry in brightness for warm-white lighting applications.

"LEDs provide directional lighting, which requires extreme precision in orientation when they are used for urban lighting," notes Luc Coppers, engineering manager of Uitrusting Schreder Belgium, member of the Schreder group. "This was the challenge Schreder's designers and engineers took on in creating unique fixtures that are both beautiful and functionally optimized for this waterfront promenade. The Cree XLamp XR-E is the only warm white power LED with the performance characteristics that meet the brightness, color stability and uniformity requirements of this installation. Together we have created a stunning evening social destination."

About Schreder, The Reference in Lighting

Schreder is an international group specializing in outdoor lighting and represented in 40 different countries. Since its foundation in Belgium in 1927, Schreder has acquired know-how and technical expertise for a wide range of products with very high photometric and mechanical quality. The member and affiliate companies of the Schreder Group have access to high-performance resources and equipment for R&D, manufacturing, computing, international studies, safety tests, marketing and communication.

Today, anywhere in the world, clients will find in their local partner businesses a contact person who can work closely with them and offer lighting products at the cutting edge of technological innovation.

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.

The Cree, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3529

The photo is also available via AP PhotoExpress.

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, such as the risk of rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for the products; 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 25, 2006, and subsequent filings.

Cree and XLamp are registered trademarks of Cree, Inc.



            
Cree XLamp XR-E LEDs

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