Philips and Cree have signed a patent cross-license deal to boost its market growth in the LED lighting sector. Both the companies have broad patent portfolios in optoelectronics.
The new patent agreement signed by the companies will cover their patents in various fields such as white LEDs and phosphors, LED luminaires and lamps, and blue LED chip technology. The agreement will also cover patents associated with the Philips’ LED Luminaire Licensing Program, and LED backlighting of LCDs.
The Chairman of Cree, Chuck Swoboda, stated that the agreement indicates the commitment of both the companies to develop the LED lighting market and their respect for the importance and value of the intellectual property laws.
The CEO of Philips Lighting, Rudy Provoost, said that both the companies have made a significant investment in LED lighting solutions. The company is pleased that Cree will be joining the LED Luminaire Licensing Program, he added.