CREE and Ledvance patent cross licensing agreement

CREE (Nasdaq: CREE) issued a news release yesterday said the company and LEDvance signed a cross licensing agreement, under the agreement, Cree will continue to receive royalty payments to Ledvance, and obtain the Ledvance patent portfolio license royalty free. In exchange, Ledvance will also receive a license for Cree's patent portfolio of LED bulbs and LED lamps. License covers all aspects of the LED lamp, including optical, thermal management, LED power and control, LED light efficiency and light and uniformity. However, some of the Cree patents that cover Cree TrueWhite (SmartCast) and color mixing technology.

Cree law and general counsel and vice president Brad Kohn said: with the development of intellectual property in the past 29 years, Cree has deep technology portfolio, these technologies are the basis for the design and manufacture of high performance LED lighting and LED lighting. The latest license agreement with Ledvance is a demonstration of the value of the Cree R & D investment and the breadth and strength of Cree lighting technology. "(compile: LEDinside Nicole)

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