Cree and Philips sign cross-license agreement for LED patents

July 12, 2010
Durham, NC--Cree, Inc. and Philips (Eindhoven, The Netherlands) have signed a comprehensive, worldwide LED patents cross-license agreement.
Durham, NC--Cree, Inc. (Nasdaq: CREE) and Philips (Eindhoven, The Netherlands; NYSE:PHG) (AEX: PHI) have signed a comprehensive, worldwide patent cross-license agreement designed to further accelerate the growth of the light emitting diode (LED) lighting market.

In a press release the companies said that they both hold broad and substantial optoelectronic patent portfolios that are important to their respective businesses. This agreement covers patents from both parties in the fields of blue LED chip technology,
white LEDs and phosphors (including remote phosphors), control systems, LED luminaires and lamps as well as LED backlighting of liquid crystal displays (LCDs) and patents in the Philips LED Luminaire Licensing Program.

“This agreement demonstrates the breadth and depth of both companies’ intellectual property, as well as the fundamental nature and value these patents bring to the market,” said Chuck Swoboda, Cree chairman and CEO. “It also signals both companies’ commitment to growing the LED market while respecting the value and importance of international intellectual property laws.”

“Philips and Cree have significantly invested in innovation in
LED lighting solutions. The wide-ranging IP portfolios of the respective companies reflect the outcome of this effort,” said Rudy Provoost, chief executive officer of Philips Lighting. “We wish to see the accelerated adoption of LED lighting, and are therefore delighted that Cree will be joining our LED Luminaire Licensing Program.”

For more information visit the
Cree website.
About the Author

Stephen G. Anderson | Director, Industry Development - SPIE

 Stephen Anderson is a photonics industry expert with an international background and has been actively involved with lasers and photonics for more than 30 years. As Director, Industry Development at SPIE – The international society for optics and photonics – he is responsible for tracking the photonics industry markets and technology to help define long-term strategy, while also facilitating development of SPIE’s industry activities. Before joining SPIE, Anderson was Associate Publisher and Editor in Chief of Laser Focus World and chaired the Lasers & Photonics Marketplace Seminar. Anderson also co-founded the BioOptics World brand. Anderson holds a chemistry degree from the University of York and an Executive MBA from Golden Gate University.    

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