Cree Lighting Names Vossloh-Schwabe Optoelectronic Key Distributor of XLamp LEDs in EU
Source/Type: Compound Semiconductors Online - Company News Releases

March 22, 2005... Durham, North Carolina USA-- a market leader in LED solid-state lighting components, announced that it has signed an agreement with Vossloh-Schwabe Optoelectronic (VS Optoelectronic) to distribute XLamp LEDs in Germany, Switzerland, Austria, France and the Benelux countries (Belgium, Netherlands, and Luxembourg).

"VS Optoelectronic has been a distributor of optoelectronic components since 1979, making it one of the pioneers in the LED industry," notes Chris James, Cree Lighting marketing manager. "With more than 25 years experience in LED technology, VS Optoelectronic is an ideal distribution partner, combining high-quality standard products like Cree XLamp with customized solutions for specialized applications."

"VS Optoelectronic can now offer the quality, performance and design flexibility of Cree XLamp LEDs with our expertise in helping customers achieve superior designs for any LED-based illumination application," notes Michael Kramer, VS Optoelectronic managing director. "Cree is a leader in high power LEDs and an ideal partner for leading the charge toward solid-state lighting."

About Vossloh-Schwabe Optoelectronic GmbH & Co. KG

Vossloh-Schwabe Optoelectronic was founded in 1979 as a distributor for optoelectronic components. Today, the company is part of the Vossloh-Schwabe Matsushita Electric Works Group. With more than 25 years of experience in LED technology, VS Optoelectronic is the expert center for leading LED technologies within the VS-MEW group. VS Optoelectronic is headquartered in Kamp-Lintfort, Germany. For more company and product offering information, please visit www.vs-optoelectronic.com .

About Cree, Inc.

Cree is an advanced semiconductor company that leverages its expertise in silicon carbide (SiC) and gallium nitride (GaN) materials technology to produce new and enabling semiconductors. The products include blue and green light emitting diodes (LEDs), radio frequency (RF) and microwave devices, and power switching devices. Also under development are near ultraviolet lasers. Cree understands the important convergence of science, technology and creativity, placing high value on ideas, as well as the energy and ability of its people. Potential applications for these products include solid-state illumination, power switching, wireless infrastructure and optical storage. For additional product specifications, please refer to the data sheets at www.xlamp.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, such as variations in demand for Cree's products and its customers' products, risks relating to international sales such as the impact of currency exchange rate fluctuations, 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 27, 2004, and subsequent filings.

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