New XLamp MK-R LEDs Deliver Record-Breaking Efficacy and Next-Generation Price-Performance for LED Arrays

-- Two years after breaking the 200 lumens-per-watt (LPW) R&D efficacy barrier, Cree, Inc. (Nasdaq: CREE) delivers another industry first with the introduction of the Cree XLamp® MK-R LEDs. The new MK-R LEDs leverage the SC³ Technology™ next-generation LED platform to deliver up to 200 lumens-per-watt (at 1 W, 25°C) LEDs.

The new MK-R LEDs make the next generation of 100+ lumens-per-watt system possible for high-lumen applications, including outdoor and indoor directional applications, such as halogen replacement lamps. MK-R LEDs are available in EasyWhite® color temperatures, providing the LED industry’s best color consistency for designs that use only one LED. For systems that use multiple LEDs, MK-R enables manufacturers to use fewer LEDs while still maintaining light output and quality, which translates to lower system cost.

“It’s amazing that Cree is able to achieve a 200 lumens-per-watt LED so quickly,” said Nicola Vendrame, CEO, Linea Light group. “The high efficacy of the MK-R LED means that we can drive the LED harder for more light output without creating heat issues. In addition, the MK-R LED has the right combination of size, color consistency and optical control to enable the next generation of performance in our indoor directional luminaires.”

“Cree’s relentless innovation continues to push the boundaries of what is possible with LED lighting,” said John Edmond, Cree co-founder and director of advanced optoelectronics. “The MK-R LED is another game-changer for the industry. An LED with this level of performance can accelerate the development of high-output lighting applications and could enable applications we haven’t even thought of yet.”

The MK-R LED features a 7 mm x 7 mm footprint with a 6 mm optical source and delivers up to 1600 lumens at 15 W, 85°C. Characterized at 85°C, the MK-R component is available in 2700 K to 7000 K color temperatures and offers minimum CRI options of 70, 80 and 90 (at selected color temperatures). The MK-R LED is the ninth product built on Cree’s SC³ Technology platform. The innovative platform leverages Cree’s advanced silicon-carbide technology, features advancements in LED chip architecture and phosphor and boasts a new package design to deliver the most advanced LED components in the industry.

Cree® XLamp MK-R LED samples are available now and production quantities are available with standard lead times. To learn more, please visit www.cree.com/mkr.



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. To learn more about the LED Lighting Revolution, please visit www.creeledrevolution.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 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 24, 2012, and subsequent filings.



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Cree®, EasyWhite® and XLamp® are registered trademarks, and SC³ Technology™ is a trademark of Cree, Inc.