| || Bridgelux Settles Patent Litigation With Cree |
2nd January, 2009
Bridgelux, Inc., a leading supplier of energy-saving light-emitting diode (LED) technology, today announced that Bridgelux has reached agreement with Cree, Inc. and Boston University to settle the parties' patent infringement litigation and to dismiss all claims and counterclaims in the suits. As part of the settlement, Cree granted Bridgelux a license to the Cree and Boston University patents at issue in the litigation, and Bridgelux agreed to pay a license fee and royalties. In addition, Bridgelux and Cree have entered into a supply agreement under which Cree will become a significant supplier to Bridgelux. Other terms of the settlement are confidential. Release link: http://www.bridgelux.com
"This agreement creates a collaborative environment between Bridgelux and Cree, while affirming the commitment of both companies to the protection of intellectual property," stated Mark Swoboda, Bridgelux, chief executive officer. "Cree will become an important technology and manufacturing partner for Bridgelux, supporting our efforts to enable the mass adoption of solid state lighting."
Focused on bringing innovation to light, Bridgelux is a leading provider of high-power, cost-effective and energy-efficient light-emitting diode (LED) solutions. The company's proprietary epitaxy technology, innovative chip designs and leading-edge LED packaging technology have enabled the company to develop advanced solid-state lighting (SSL) products that offer superior quality, are lower in cost and are environmentally friendly -- all without compromising performance. In addition to LED chips, the company is actively seeking to extend its reach to deliver value-added, application-specific solutions that will open up new markets in solid-state lighting. Founded in 2002, Bridgelux is headquartered in Sunnyvale, Calif.
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