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Bridgelux, Inc.
Bridgelux Settles Patent Litigation With Cree
January 17th, 2009
Bridgelux, Inc., a leading supplier of energy-saving light-emitting diode (LED) technology, 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. "This agreement...
Source: Law & Health Weekly (2009-01-17)
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