Digi-Key Corporation and Cree, Inc. Announce Global Distribution Agreement for Power Devices

THIEF RIVER FALLS, Minnesota, USA - January 11, 2007

Digi-Key Corporation and Cree, Inc. announced today the signing of a global distribution agreement for Cree's silicon carbide-based power devices.

Cree, Inc. is a market-leading innovator and manufacturer of silicon carbide semiconductors that enhance the value of power, solid-state lighting and communications products by significantly increasing energy performance.

Digi-Key is currently stocking Cree's Schottky diodes with voltage ratings ranging from 300V to 1200V and current ratings from 1A to 20A. These products are featured in both Digi-Key's print and online catalogs and are available for purchase directly from Digi-Key. This new distribution agreement will enable Digi-Key to fulfill both the design and production quantity needs of its diverse customer base.

"Cree's expertise in silicon carbide brings greater energy performance to a number of power applications, including power factor correction in personal computer and laptop power supplies," said Mark Larson, Digi-Key president and CEO. "We are very pleased to add Cree to our line card and certain that its products will be of consequential interest to many of our customers."

"This agreement with Digi-Key is another major step in achieving Cree's strategic plan to build world-class sales and marketing reach," said Jorge Aguilar, Cree vice president and general manager for power devices. "We are pleased to participate in Digi-Key's extensive sales network, which can significantly accelerate the sampling and design-in process for our customers."

About Cree

Cree (Durham, North Carolina) is a market-leading innovator and manufacturer of semiconductors and devices that enhance the value of power, solid-state lighting and communications products by significantly increasing their energy performance and efficiency. Key to Cree's 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 performance technology into multiple applications including optimized power management for high-current, switch-mode power supplies and variable-speed motors, exciting alternatives for brighter and more tunable light for general illumination, backlighting for more vivid displays and more effective wireless infrastructure for data and voice communications. For additional information, visit www.cree.com.

About Digi-Key Corporation

Digi-Key Corporation, based in Thief River Falls, Minn., is a global, full-service provider of both prototype/design and production quantities of electronic components, offering more than three million products from over 650 quality name-brand manufacturers. With over one million products in stock and an impressive selection of online resources, Digi-Key is committed to stocking the broadest range of electronic components in the industry and providing the best service possible to its customers. Additional information and access to Digi-Key's broad product offering is available on the Digi-Key website.