Cree patent licensing agreement with crystal chip LED chip patent

[news] China LED August 4th, CREE (CREE) issued a press release said the company and Au Optronics Co (hereinafter referred to as "Jingyuan crystal electric") signed a global LED chip patent cross licensing agreement, in order to further promote LED lighting and LED lighting market growth. Under the terms of the agreement, the parties will receive each other's nitride LED chip patent license, and the other part of the non nitride LED chip patents. In the terms of the agreement, CREE will receive authorization fees and royalties from crystal.

CREE's pioneering technology and its broad portfolio of patents for its LED devices and LED lighting products bring significant performance. CREE is very pleased with the signing of the crystal electric LED chip licensing agreement, CREE chairman and chief executive officer Chuck Swoboda said, "the agreement highlights the commitment of both companies, to accelerate the adoption of the importance and value of LED lighting while respecting international intellectual property law. "

The signing of the patent licensing agreement will help us accelerate R & D innovation. In addition, it also clearly shows that our LED chip patent strength and we hope to further promote the LED lighting market growth expectations ", EPISTAR chairman Li Bingjie said," by Kerrey and the cross licensing agreement, crystal electric can provide LED chips in the world, the ultimate benefit of our clients. "

Other terms of the license agreement have not been disclosed. The transfer of technology between the two parties was not included in the agreement. (compile / China LED network Nicole)

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