Cree Demonstrates Record-Breaking LED Light Bulb

DURHAM, N.C., Oct. 29, 2009 (GLOBE NEWSWIRE) -- Today, at the annual Cree
(Nasdaq:CREE) shareholder meeting, Cree Chairman and CEO Chuck Swoboda
demonstrated an A-lamp LED light bulb with the highest lumen output and efficacy
reported in the industry. The bulb produces 969 lumens at an impressive 102
lumens per watt, which is the light output equivalent to a 65-watt incandescent
bulb, yet it uses only 9.5 watts.

The demonstration A-19-style bulb features the latest Cree production XLamp(R)
XP-G LEDs and TrueWhite Technology, a patented method of delivering warm-white
light with superior color rendering and efficiency. It delivers a 2800 K
warm-white light with a 91 CRI. All data was verified by third-party testing
under steady-state operating conditions.

"We are pushing the industry by demonstrating what's possible," said Swoboda.
"With every improvement in LED components, new applications become achievable.
We are excited to show the world not only what can be done, but what they should
expect in an LED light bulb."

About Cree

Cree is leading the LED lighting revolution and setting the stage to obsolete
the incandescent light bulb through the use of energy-efficient, environmentally
friendly LED lighting. Cree is a market-leading innovator of lighting-class
LEDs, LED lighting, and semiconductor solutions for backlighting, wireless and
power 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 radio-frequency/wireless devices. Cree solutions are driving improvements in
applications such as general illumination, electronic signs and signals,
variable-speed motors and wireless communications.

For additional product and company information, please refer to
www.CreeLEDLighting.com

The Cree, Inc. logo is available at
http://www.globenewswire.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 28, 2009, and subsequent filings.

Cree and XLamp are registered trademarks of Cree, Inc.

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CONTACT: Cree, Inc.
Corporate Communications
Media Contact:
Michelle Murray
(919) 313-5505
michelle_murray@cree.com