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Cree and Epistar Sign Global LED Patent Cross-License Agreement.
2015-08-22 12:47:32

Cree and Epistar have signed a worldwide patent cross-license agreement for LED chips to further advance the growth of the LED lighhttp://www.ledcornbulbs.com/ting and LED bulb markets. Cree and Epistar both hold broad and substantial LED chip patent portfolios that are important for making blue LEDs, the foundation of white LEDs found in most lighting products manufactured worldwide. Under the terms of the agreement, each party receives a license to the other’s nitride LED chip patents and is granted certain rights to non-nitride LED chip patents. Over the term of the agreement, Cree will receive a licensing fee and royalty payments from Epistar.


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