DURHAM, N.C. — Cree, Inc. (Nasdaq: CREE) announces the  industry’s first High-Density (HD) LED Arrays – a breakthrough technology that doubles the system intensity of spot lights compared to previous arrays. The new HD class of CXA Arrays provide unrivaled lumen density, enabling major reduction in system cost and power consumption. The first HD Array, the CXA1520 LED, enables lighting manufacturers to create a new generation of products that delivers the same intensity and light quality as 39W ceramic metal halide (CMH) at up to 50 percent lower power.

"The new CXA1520 LED Array delivers an impressive amount of light from a very small source. I have not seen another integrated array that can match this level of lumen density," said Mark Groenke, VP of engineering at ConTech Lighting. "The CXA1520 LED Array enables ConTech Lighting’s newest LED fixtures to exceed the efficiency and life of our ceramic metal halide fixture offerings while maintaining intensity and color quality."

The High-Density Cree® XLamp Array extends Cree’s robust CXA family to give lighting manufacturers a single integrated array family to address lighting applications from general purpose floods to specialty retail spot lights. Cree XLamp® CXA1520 LED Arrays deliver up to 3478 lumens at 33 watts, 85°C. Available in ANSI White and four-step EasyWhite® binning, the new Arrays feature 2700K through 5000K CCTs, with 70, 80 and 95 CRI options.

"We have several CXA1507 and CXA1512 LED Array designs and we’re excited that the new CXA1520 LED Array shares the same light emitting size as the CXA1507 and CXA1512 LED Arrays," said Tom Tang, chairman and CEO, Tons Lightology, Inc. "This allows us to address very high output applications without changing the optics."

XLamp CXA1520 LED Array samples are available now and production quantities are available with standard lead times. Please visit www.cree.com/cxa to learn more about the new Cree CXA LEDs.

About Cree

Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor products for power and radio frequency (RF) 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 RF devices. Cree products are driving improvements in applications such as general illumination, backlighting, electronic signs and signals, power suppliers and solar inverters.

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

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 the risk that actual savings and lifetimes will vary from expectations; the risk we may be unable to manufacture these new products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk we may encounter delays or other difficulties in ramping up production of our new products; 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 30, 2013, and subsequent filings.