DURHAM, N.C.–(BUSINESS WIRE)–Cree LED, a Penguin Options model (Nasdaq: PENG), and Daktronics (Nasdaq: DAKT), immediately introduced a multi-year, international patent license settlement efficient December 2024. With restricted exceptions, this settlement gives a license to Daktronics for Cree (NYSE:) LED’s patented know-how at some point of the settlement.
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Daktronics licenses Cree LED’s patented know-how in a multi-year international settlement introduced immediately. (Picture: Enterprise Wire)
With over 35 years of experience in LED die and packaging know-how, together with a sturdy portfolio of mental property protecting their use in LED shows, Cree LED has constantly invested in innovation, securing quite a few patents to guard its developments. As a trusted trade chief, Cree LED stays dedicated to delivering best-in-class, sturdy options that exceed the rigorous calls for of next-generation LED-based shows.
Daktronics, as a pacesetter within the large-scale LED show market, is dedicated to making sure that their prospects have entry to state-of-the artwork LED show techniques. This settlement permits Daktronics to confidently present trade main LED show techniques to the market, understanding that its merchandise won’t be topic to claims based mostly on the licensed Cree LED patents.
Particular licensing phrases stay confidential. This license settlement ensures there are not any patent disputes between the events based mostly on the licensed Cree LED patents for the time period of the settlement.
Cree LED is a registered trademark of CreeLED, Inc. All different logos and registered logos are the properties of their respective house owners.
About Cree LED
Cree LED, a Penguin Options model, gives one of many trade’s broadest portfolios of application-optimized LED chips and parts, main the trade in efficiency and reliability. With greater than 35 years of innovation, our robust IP portfolio and distinctive enterprise mannequin ensures provide chain continuity. We ship best-in-class know-how and breakthrough options for targeted purposes in excessive energy and mid-power normal lighting, horticulture, specialty lighting and video screens. For extra data, go to www.cree-led.com.
About Daktronics
Daktronics has robust management positions in, and is the world’s largest provider of, large-screen video shows, digital scoreboards, LED textual content and graphics shows, and associated management techniques. The Firm excels within the management of show techniques, together with people who require integration of a number of advanced shows displaying real-time data, graphics, animation, and video. Daktronics designs, manufactures, markets and providers show techniques for patrons all over the world in 4 home enterprise models: Reside Occasions, Business, Excessive College Park and Recreation, and Transportation, and one Worldwide enterprise unit. For extra data, go to the Firm’s web site at: www.daktronics.com.
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Cree LED Media RelationsDebi PoloSr. Supervisor, Advertising and marketing Communications, Cree LED, [email protected]
Penguin SolutionsMaureen O’Leary, Director [email protected]
Daktronics Media RelationsJustin OchsnerPublic Relations/Advertising and marketing, [email protected]
Supply: Penguin Options, Inc.
