Cree signs LED chip patent cross-licensing agreement with crystal

On August 4, Kerui (Cree) Issued a press release saying that the company and Jingyuan Optoelectronics Co. , Ltd (Referred to as Crystal) The LED chip patent cross-licensing agreement was signed to further promote the growth of LED lighting and LED bulb market. According to the terms of the agreement, both parties will obtain the patent license of nitride LED chips from the other party and grant the other party some patent rights for non-nitride LED chips. During the term of the agreement, Cree will receive a licensing fee and a licensing fee from Jingdian. Cree's pioneering technology and its extensive patent portfolio bring remarkable performance to its LED devices and LED lighting products. Kerui is very pleased to sign the LED chip licensing agreement with Crystal. Chuck Swoboda, chairman and chief executive officer of Kerui, said the agreement highlights the commitment of the two companies, respect the importance and value of international intellectual property law while accelerating the adoption of LED lighting. The signing of this patent licensing agreement will help us accelerate research and development and innovation. In addition, this also clearly shows our patent strength of LED chips and our expectation of further promoting the growth of LED lighting market, said Li Bingjie, chairman of Jingdian. Through this cross-licensing agreement with Kerry, jingdian can provide LED chips all over the world, which will eventually benefit our customers. Other terms of the license agreement have not been disclosed. Technology transfer between the two parties was not included in the agreement.