Philips and Cree club together to further the LED market
Philips and LED manufacturer Cree have signed a worldwide patent cross-license agreement to further accelerate the growth of the LED lighting market.
Both Philips and Cree hold broad and substantial optoelectronic patent portfolios that are important to their respective businesses. This agreement covers patents in the Philips LED Luminaire Licensing Program, as well as a number from both parties in the fields of blue LED chip technology, white LEDs and phosphors (including remote phosphors), control systems, LED luminaires and lamps, and LED backlighting of liquid crystal displays (LCDs).
Cree and Philips are both dedicated to designing and manufacturing innovative LED solutions, like this Philips LED 60W replacement bulb
“Philips and Cree have significantly invested in innovation in LED lighting solutions. The wide-ranging IP portfolios of the respective companies reflect the outcome of this effort,” said Philips’ CEO Rudy Provoost. “We wish to see the accelerated adoption of LED lighting, and are therefore delighted that Cree will be joining our LED Luminaire Licensing Program.”
Chuck Swoboda, Cree chairman and CEO, added: “This agreement demonstrates the breadth and depth of both companies’ intellectual property, as well as the fundamental nature and value these patents bring to the market.
“It also signals both companies’ commitment to growing the LED market while respecting the value and importance of international intellectual property laws.”
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