Courtesy of Benzinga.
Cree, Inc. (Nasdaq: CREE) announces it has granted five LED lighting manufacturers licenses to select Cree patents through its recently launched remote phosphor licensing program. By making fundamental remote phosphor patents available through license, Cree is further enabling LED lighting adoption, as Cree innovations facilitate the development of LED lights combining remote phosphor optical elements with blue LEDs.
“Cree is committed to the development of innovative, energy-efficient LED lighting technology and this program provides access to important technology developed by Cree,” said George Brandes, Cree director of intellectual property licensing. “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, accelerating the LED lighting revolution.”
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