Cree Licenses Pioneering White Led Patent to Kingbright Electronic Co., Ltd.

December 8, 2005... Durham, North Carolina USA-- Cree, Inc. announced that it has licensed its pioneering white LED patent, US Patent No. 6,600,175, to Kingbright Electronic Co., Ltd., a strategic LED chip customer headquartered In Taiwan. The license authorizes Kingbright to manufacture and sell white LEDs that incorporate Cree chips and is one of several licenses that Cree has granted under the 175 patent this year. Kingbright will be using Cree LED chip products exclusively in its white LED product offerings.

Crees 175 patent is important to companies manufacturing white LED products, notes Scott Schwab, Cree vice president and general manager of optoelectronics. Kingbright has distinguished itself with years of dedicated support for Cree technology and respect for intellectual property. Cree is excited to extend this license To Kingbright and to work together in expanding the market for white solid-state lighting products.

Crees white LED technology provides major advantages to Kingbrights product line. Our target market includes major US and multi-national companies for which avoiding intellectual property disputes is critical, notes Wen Joe Song, Kingbright president and CEO. We have successfully promoted Cree products for several Years and this agreement gives Kingbright a critical IP license required to address the progressive growth markets for white LEDs.

About Cree, Inc.

Cree is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance. Key to Crees market advantage is its world-class materials expertise in silicon carbide (SiC) And gallium nitride (GaN) for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products.

Cree drives its increased Return on Energy (ROE) technology into multiple applications including exciting alternatives in brighter and more tunable light for general illumination, backlighting for more vivid displays, optimized power management for high-current switch-mode power supplies and variable speed motors, And more effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting fixtures makers to major electronics components and subsystems manufacturers.

Crees product families include blue and green LED chips, packaged LEDs, LED backlighting solutions, power switching devices and radio frequency/wireless devices. The company is also currently developing near- ultraviolet lasers. For additional information please refer to

About Kingbright

Founded in 1980, Kingbright is a leading manufacturer of LED Lamps, SMD Displays, SMD Lamps and other LED related products. With 25 years of consistent hard work, Kingbright has brought its joint effort to full fruition by transforming the company into a well-recognized Industrial powerhouse on the international stage. Kingbrights superb products coupled with prompt customer services have continually attract new customers worldwide.

Crees technologies in gallium nitride and silicon carbide materials significantly enhance the impact of Kingbrights white and color LEDs for the general illumination, backlighting, and display industries.

For further information, please refer to

The 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. Factors that could cause actual results to differ materially include latest demand for products using the licensed technology; Rapid pace of development in the field and the possibility that new technology and competing products may impair requirements for products using the licensed technology; and other factors discussed in Crees filings with the Securities and Exchange Commission, including its report on Form 10-K for the Year ended June 26, 2005, and subsequent reports filed with the Commission.

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