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To: Dealer who wrote (28425)	8/10/2000 9:02:52 AM
From: Dealer	Read Replies (1) \| Respond to of 35685

CREE--Thursday August 10, 8:00 am Eastern Time Press Release SOURCE: Cree, Inc. Cree Books Additional Contracts Valued at $21 Million DURHAM, N.C., Aug. 10 /PRNewswire/ -- Cree, Inc. (Nasdaq: CREE - news) today announced that it has received contracts from Asian customers totaling $21 million for shipments during FY 2001. Included in these contracts are purchase agreements for standard brightness, high brightness, and small chip silicon carbide light emitting diodes (LEDs). F. Neal Hunter, Chairman and CEO, stated, ``Our products continue to penetrate high volume applications. This latest booking adds to our record backlog for this fiscal year. These contracts represent the largest orders ever received from each of these respective customers.'' North Carolina-based Cree, Inc. is the world leader in developing and manufacturing semiconductor materials and electronic devices made from silicon carbide. The company uses proprietary technology to make enabling compound semiconductors such as blue and green LEDs, microwave transistors for use in wireless base stations and radar, SiC crystals used in the production of unique gemstones and SiC wafers that are sold for research. Cree has new product initiatives based on its experience in SiC, including blue laser diodes for optical storage applications and high power devices for power conditioning and switching. For more information on Cree, visit cree.com . This press release contains forward-looking statements involving risks and uncertainties that may cause actual results to differ materially from those indicated. Actual results could differ materially due to a number of factors, including the possibility we may be unable to manufacture the volume of products required to fulfill contracted demand in a timely manner due to technological or manufacturing difficulties; the possibility customers may fail to honor their contractual purchase commitments; the risk that demand for our products may decrease; and other factors discussed in our filings with the Securities and Exchange Commission, including our report on Form 10-K for the year ended June 27, 1999, subsequent quarterly reports and our registration statement on Form S-3 filed January 3, 2000, as subsequently amended. SOURCE: Cree, Inc.