CreeLED Inc. and Promier Products, Inc. (d/b/a LitezAll) Resolve Patent Dispute Through Limited License Agreement
CreeLED Inc. and Promier Products, Inc. (d/b/a LitezAll) Resolve Patent Dispute Through Limited License Agreement
Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), and Promier Products, Inc. today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED’s patents related to LED components used in portable lighting products. As part of the settlement, Cree LED has granted Promier Products a limited license to certain Cree LED patents covering LED components.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260831242793/en/
Cree LED is firmly committed to protecting its intellectual property.
Cree LED has established itself as a trusted brand in portable lighting applications, known for consistently high performance and reliable product quality. Cree LED is firmly committed to protecting its intellectual property and actively monitors the entire value chain of the global market to identify and address unauthorized use of its patented technologies. This vigilance ensures that Cree LED’s innovations remain protected and that customers can rely on the integrity and performance of the company’s industry-leading solutions.
Cree LED is a registered trademark of CreeLED, Inc. All other trademarks and registered trademarks are the properties of their respective owners.
About Cree LED
Cree LED, a Penguin Solutions brand, offers one of the industry’s broadest portfolios of application optimized LED chips and components, leading the industry in performance and reliability. With more than 35 years of innovation, our strong IP portfolio and unique business model are designed to support supply chain continuity. We deliver best-in-class technology and breakthrough solutions for focused applications in high power and mid-power general lighting, portable lighting, horticulture, specialty lighting and video screens. For more information, visit cree-led.com.
Media Relations
Melissa Sanders, Marketing Communications Specialist, Cree LED, Inc.
Melissa.Sanders@cree-led.com
Penguin Solutions
Maureen O’Leary, Director Communications
pr@penguinsolutions.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20260831242793/en/
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States