On August 4, CREE issued a press release saying that the SUMBAO Lighting
signed a patented cross-licensing agreement with Epistar Optoelectronics Co., Ltd. ('Crystal') to further promote LED lighting and LED bulb market growth. Under the terms of the agreement, the two sides will get the other side of the nitride LED chip patent license, and granted the other part of the non-nitride LED chip patent. During the term of the agreement, Career will receive royalties and royalties from the crystal. 'Career's groundbreaking technology and its extensive portfolio of patents bring significant performance to its LED devices and LED lighting products, and Career is pleased to sign the LED chip license agreement with Crystal Electronics,' said Chuck, chairman and chief executive officer Swoboda said, 'This agreement highlights the commitment of the two companies to accelerate the adoption of LED lighting while respecting the importance and value of international intellectual property law.' 'The signing of the patent license agreement will help us accelerate research and innovation. , Which also clearly shows that our LED chip patent strength and we hope to further promote the LED lighting market growth expectations, 'Crystal Chairman Li Bingjie said,' through the cross with the Kerry license agreement, crystal power to provide LED chip in All over the world, and ultimately benefit our customers. 'The other terms of the license agreement have not been disclosed. The transfer of technology between the parties is not included in the agreement. (CompiLED Recessed Spotlight / China LED network Nicole) more LED related information, please click on the Chinese LED network or focus on WeChat public account (cnLED Recessed Spotlightw2013).