Business News | Aug 23, 2007

Cree Announces Plans to Triple Its White XLamp LED Capacity

Cree, Inc. (Nasdaq: CREE) today unveiled plans to significantly increase white XLamp® LED manufacturing capacity at its COTCO subsidiary in HuiZhou – tripling current capacity of lighting-class LEDs. Speaking at the 4th China International Forum & Exhibition on Solid State Lighting in Shanghai, Chris James, vice president - marketing and business development, characterized the planned expansion as part of Cree’s multi-faceted efforts to both accelerate the adoption of LED lighting in China and to build momentum for the LED lighting revolution worldwide.

“China is a critical growth market for LEDs in general illumination applications and represents an unmatched opportunity due to the early-stage development of a national lighting infrastructure, explosive economic growth, the need for energy-efficient technologies and a growing concern over air and ground pollution,” stated James. “The acquisition of COTCO Luminant Device Limited was the first step and gave Cree significant local manufacturing and sales capability in China. This expansion of white LED capacity is the next step, and we continue to develop plans to extend our capabilities and drive the LED lighting market.”

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.

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