The company is currently developing
near ultraviolet lasers. For more information on Cree, please
visit http://www.

invisibility 1943

Navy has awarded
to its wholly owned subsidiary, Todd Pacific Shipyards Corporation
("Todd Pacific" or the "Company"), a $19,391 ,989 modification to
previously awarded contract N00024-04-C-4152 in support of repairs and
alterations performed during the Dry-Docked Planned Incremental
Availability ("DPIA") of the USS John C.

This 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, including the risk that the contract values
we may realize from the program could differ materially due to a number of
factors, such as uncertainty as to whether the government will appropriate and
allocate all funding contemplated by the award; the risk that the estimated
contract value may not be realized if the government exercises its right to
terminate the program; uncertainty whether the goals of the development
program can be achieved within the time contemplated by the award or at all;
the risk that technology developed in the program, if any, may not prove
viable for military or commercial use; 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 27, 2004 and subsequent reports filed with
the Commission.

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The contract modification, which is associated with
the Navy's exercise of an option under the contract, provides for the
alteration and repair of ship's systems, shipboard equipment and ship
hull preservation.
"Building on the tremendous success of Phase I, during which Cree
demonstrated 10 kV, 50 A PiN rectifiers and the first 10 kV SiC MOSFETs, we
intend to scale these devices in size, and build power modules capable of 10
kV and 110 Amps during Phase II," notes John W.
Powerex, of Youngwood, PA, is designated to perform module design and testing .

Allegedly, in the fall of 1943 a U.

usn teleported

The Company had previously announced a $28,727,735
modification on February 14, 2005. Palmour, Cree's executive vice
president, Advanced Devices.
As part of this program, Cree intends to award a number of subcontracts.

invisibility supposedly

S.cree.

amused experiment

Coast Guard, the Washington
State Ferry system and various other commercial and governmental
customers.

S.

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Cree Awarded $12 Million To Develop Advanced Electronic Devices That Optimize Power Control and Management Aboard Ships

"These devices could eventually be used beyond
ship applications to optimize electrical power distribution for greater
efficiency and rapid power switching across any major power grid, particularly
for long-haul lines.

anomalies usn

Its
customers include the U. Navy, the U.
Raytheon's Integrated Defense Systems of Sudbury, MA, and General Atomics of
San Diego, CA, will perform systems studies on the solid-state power supplies
proposed for this application. Targeted applications for the company 's products
include solid-state illumination, power switching, wireless infrastructure and
optical storage.

questionable philadephia

Business Editors

SEATTLE----Todd Shipyards
Corporation (NYSE:TOD) announced today that the U. Stennis ("Stennis") aircraft
carrier (CVN-74). Navy's next
generation aircraft carriers and other sea vessels.
This 18-month contract is funded by the Defense Advanced Research Projects
Agency (DARPA) under the Wide Bandgap Semiconductor Technology Initiative for
High Power Electronics (WBST-HPE), which is focused on high power conversion
and distribution technology.

questionable supposedly

(Nasdaq: CREE)
announced today that it has been awarded a $12 million contract by the Office
of Naval Research (ONR) to develop silicon carbide (SiC)-based high voltage,
high power electronic devices and power modules that can significantly reduce
the size and weight of power management equipment aboard the U. The products include blue and green
light emitting diodes (LEDs), packaged LEDs, power switching devices and radio
frequency (RF) and microwave devices.

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S."
The Phase II effort also includes development of the extremely low defect
density n-type 4H-SiC substrates and epitaxy required for creating these large
area high current, high voltage power devices.

1943 teleported

, Cree, Inc.

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Cree is an advanced semiconductor company that leverages its expertise in
silicon carbide (SiC ) and gallium nitride (GaN) materials technology to
produce new and enabling semiconductors.

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3 million
contract for Phase I of this initiative.

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Todd Pacific performs a substantial amount of repair and
maintenance work on commercial and federal government vessels engaged
in various seagoing trade activities in the Pacific Northwest.C.

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Cree has successfully completed its $8.

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The
cost-type PIA contract was originally awarded to Todd Pacific in 1999
for five years and was awarded again in 2004 for an additional five
years.
Cree and the Cree logo are registered trademarks of Cree, Inc.

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The DPIA of the Stennis is being performed pursuant to the
Company's five-year Planned Incremental Availability ("PIA") contract
with the Navy for the overhaul and continued maintenance of the
aircraft carriers stationed at Bremerton and Everett, Washington. In addition, Carnegie Mellon University and
North Carolina State University will also participate in the program.

About Cree, Inc. Cree understands the important convergence of science,
technology and creativity, placing high value on ideas, as well as the energy
and ability of its people.com .

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This is the second modification to the Stennis
overhaul contract. The work will be accomplished at
the Puget Sound Naval Shipyard in Bremerton, Washington and is
expected to be completed in December 2005.

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Todd has operated a shipyard in Seattle since 1916. DURHAM, N.

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Todd Shipyards Corporation Announces U.S. Navy Exercise of Option on Overhaul and Drydocking of USS John C. Stennis --CVN-74--

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Navy destroyer was made invisible and teleported from Philadelphia, Pennsylvania, to Norfolk, Virginia, in an incident known as the Philadelphia Experiment.