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Cree and Arrow Electronics Sign Distribution Agreement to Serve Global Adoption of Silicon Carbide-Based Power Electronics

DURHAM, N.C., January 21, 2009 - Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting and silicon carbide (SiC) semiconductor components, announces a distribution agreement with Arrow Electronics, Inc. for Cree SiC power products.

The agreement gives Arrows customers ready access to Crees latest commercially-available SiC Junction Barrier Schottky (JBS) products. Among the Cree products available through Arrow will be the recently released Z-REC™ Series of 600-V Schottky diodes and the groundbreaking 1200-V Schottky diode line.

"Our customers are at the leading edge of green power designs," said Robert Behn, vice president of supplier marketing for Arrow Electronics. "Expanding our Cree product offerings from high-brightness and high-power LEDs to now include power products provides our customers even broader access to the products and support they need."
"Together, Cree and Arrow intend to accelerate the adoption of silicon carbide power semiconductors to create more efficient switching power supplies, alternative energy converters and motor drives," said Bob Pollock, Cree senior vice president, sales.

Additional information about Cree products through Arrow Electronics may be obtained by calling 1-888-954-4481 or by visiting www.arrownac.com/cree.

About Cree
Cree is a market-leading innovator of semiconductor solutions for wireless and power applications, lighting-class LEDs, and LED lighting solutions.

Crees product families include power-switching devices and radio-frequency/wireless devices, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, and LED fixtures and bulbs. Cree solutions are driving improvements in applications such as variable-speed motors, wireless communications, general illumination, backlighting and electronic signs and signals.

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

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