Cree LED, a Penguin Solutions brand, and Daktronics have announced a multi-year, global patent licence agreement with immediate effect. With limited exceptions, this agreement provides a licence to Daktronics for Cree LED’s patented technology for its duration.
Cree LED has over 35 years of experience in LED die and packaging technology, along with a portfolio of intellectual property covering their use in LED displays. The company provides technology for high power and mid-power general lighting, horticulture, specialty lighting and video screens.
This agreement enables Daktronics to confidently provide Cree LED’s display systems to the market, knowing that its products will not be subject to claims based on the licensed Cree LED patents.
The specific licensing terms remain confidential. But this licence agreement ensures there are no patent disputes between the parties based on the licensed Cree LED patents for the term of the agreement.
