December 22, 2011 - BUSINESS WIRE -- Cree Inc. (Nasdaq:CREE) granted 5 light-emitting diode (LED) lighting manufacturers licenses to select Cree patents through its remote phosphor licensing program. Initial licensees to Cree’s remote phosphor patents include lighting innovators Aurora Energie Corp., Horner APG, Ledzworld Technology, Vexica Technology, and Wyndsor Lighting LLC.
Details of the royalty-bearing licenses were not disclosed.
Cree's licensing program facilitates the development of LED lights combining remote phosphor optical elements with blue LEDs, the company reports. George Brandes, Cree director of intellectual property licensing, states "The remote phosphor licensing program is designed to provide rights under the relevant Cree patents that our LED customers need to develop and commercialize leading-edge LED luminaires and bulbs."
Cree is currently in discussions with more companies to license the remote phosphor patents and aims to sign additional licensing agreements in the coming months.
Cree makes semiconductor solutions for wireless and power applications, lighting-class LEDs, and LED lighting solutions. For additional product and company information, please refer to www.cree.com.
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