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CreeLED Inc. and Promier Products, Inc. (d/b/a LitezAll) Resolve Patent Dispute Through Limited License Agreement

  • Cree LED (a Penguin Solutions brand) & Promier Products, Inc. reached a settlement resolving a patent infringement dispute over LED components for portable lighting.
  • As part of the agreement, Cree LED granted Promier Products a limited license to specific patents covering these LED components.
  • The settlement affirms Cree LED's commitment to protecting its intellectual property & monitoring the global value chain for unauthorized use of its technologies.
  • Cree LED offers a broad portfolio of LED chips & components across sectors including portable lighting, horticulture, & video screens, supported by over 35 years of innovation.