Cree Launches Solutions Provider Program


DURHAM, N.C., Nov. 15, 2007 (PRIME NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a leader in LED solid-state lighting components, today announced a new value-added solutions providers program. The Cree Solutions Providers network offers customers a full range of LED lighting-system solutions and design assistance to help accelerate time to market and reduce product development costs.

Network members work closely with Cree to help ensure alignment of technologies. They are chosen based on their history of collaborating successfully with customers. Services provided from within the network include:


 * Design consulting
 * Customized design
 * LED engines
 * Turnkey solutions
 * Sub-assembly
 * Complete assembly

"Cree Solutions Providers represent a select group of value-added solutions providers who can help accelerate the time-to-market of high-quality LED lighting systems based on Cree XLamp(r) LEDs," noted Bob Pollock, Cree senior vice president of sales. "The rapidly increasing demand for high-performance LED lighting systems presents a huge potential sales opportunity for those who deliver quality fixtures to market quickly. The Cree Solutions Providers program is designed to help our customers address this opportunity."

Cree Solutions Providers currently include:


 * BAFA/Zerolight: www.bafatasarim.com
 * CRS: www.crselectronics.com
 * Entity: www.entityel.it
 * Heatron: www.heatron.com
 * I2 Systems: www.i2systems.com
 * IES: www.ies-nc.com
 * Illumination Optics: www.illuminationoptics.com
 * Infinilux: www.infinilux.com
 * LED Lighting Supply: www.ledlightingsupply.com
 * LED Specialists: www.ledspecialists.com
 * Marktech: www.marketechopto.com
 * Optoelectronix: www.optoelectronix.com
 * Relume: www.relume.com
 * Visible Solutions: www.visible-solutions.co.uk

For additional information on Cree Solutions Providers, please call 919-313-5300 or visit www.cree.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.

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

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 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 24, 2007, and subsequent filings.

Cree and XLamp are registered trademarks of Cree, Inc.



            

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