ZF and Cree Advance the Electric Drive - Seite 2

ZF Friedrichshafen AG

ZF is a global leader in driveline and chassis technology as well as active and passive safety systems. The company has a global workforce of 148,000 with approximately 230 locations in almost 40 countries. In 2018, ZF achieved sales of €36.9 billion. ZF is one of the largest automotive suppliers worldwide.

ZF allows vehicles to see, think and act. The company invests more than six percent of its sales in research and development annually – in particular for the development of efficient and electric drivelines and also in striving for a world without accidents. With its broad portfolio, ZF is advancing mobility and services in the passenger car, commercial vehicle and industrial technology sectors.

For further press information and photos, please visit: www.zf.com.

About Cree, Inc.

Cree is an innovator of Wolfspeed power and radio frequency (RF) semiconductors and lighting class LEDs. Cree’s Wolfspeed product portfolio includes silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging, inverters, power supplies, telecom and military and aerospace. Cree’s LED product portfolio includes blue and green LED chips, high-brightness LEDs and lighting-class power LEDs targeted for indoor and outdoor lighting, video displays, transportation and specialty lighting applications.

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

Forward Looking Statements:

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause Cree’s actual results to differ materially from those indicated. These actual results may differ materially due to a number of factors, including the ability of the parties to negotiate the definitive agreements for the development and supply of future products; the risk that Cree may be unable to manufacture these products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk Cree may encounter delays or other difficulties in ramping up production of its capacity to supply these products; customer acceptance of these new 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 30, 2019, and subsequent filings.

Cree and Wolfspeed are registered trademarks of Cree, Inc.

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