Cree and Epistar LED chip signed a global patent cross license agreement

[xiaoxiao]

August 4, Cree (Cree) issued a press release that the company and Epistar Corporation (referred to as "crystal power") signed a global LED chip patent cross-license agreement to further promote LED lighting and LED light bulb market growth. Under the terms of the agreement, both parties will get the other side of the nitride LED chip patent license and grant the other part of the non-nitride LED chip patents. In terms of the agreement, Cree will acquire Epistar license fees and royalties.

"Cree's pioneering technology and its extensive patent portfolio for LED components and LED lighting products provide significant performance. Cree is pleased with Epistar LED chip authorized to sign the agreement," Cree chairman and CEO Chuck Swoboda said, "This agreement underscores the two companies' commitment to respect and value the importance of international intellectual property law at the same time accelerate the adoption of LED lighting."

http://www.modulesdirect.com is an independent distributor 6 years old, more than 300 thousand electronic components can be found at our web datadase, such as mg150q2ys50 and SKKD60F17, hard to find and obsolete electronic components is our leading business, looking for to cooperate with all company or personal who want to buy electronic parts.

"The signing of the licensing agreement will help us accelerate the development of innovation. In addition, it also clearly demonstrates the strength of our LED chip patents, and we hope to further promote LED lighting market growth expectations," says Epistar chairman Li Bingjie " Through this cross-licensing agreement with Cree, Epistar LED chip can be provided around the world, and ultimately benefit our customers. "

Other terms of the license agreement were not disclosed. Technology transfer is not included in the agreement between the parties.