Cree, Inc. has announced the signing of a cross license agreement with Ledvance, Inc, the world leader in innovative, intelligent and connected lighting solutions.
Under the agreement, Cree will receive ongoing royalty payments and a royalty-free license to Ledvance’s patent portfolio, whilst Ledvance will receive a license to Cree’s extensive portfolio of patents related to LED light bulbs and LED luminaires.
Cree said the licensed patents address various aspects of forming an LED light including optics, heat management, LED power and control, LED light efficiency and light colour and uniformity.
According to Mr Brad Kohn, vice president legal and general counsel for Cree, certain Cree patents that cover the company’s networked lighting technology (SmartCast) and colour mixing technology (TrueWhite) were excluded from the license.
“With intellectual property developed over the past 29 years, Cree has a deep portfolio of technologies that are elemental to the design and manufacture of high-performing LED bulbs and LED luminaires,” Mr Kohn said.
“This recent licensing agreement with Ledvance is yet another example that demonstrates the value of Cree’s R&D investments, as well as the breadth and strength of Cree’s lighting technologies.”