Business
Cree LED and Star Headlight & Lantern Company Enter Settlement and Limited License Agreement
DURHAM, N.C.--(BUSINESS WIRE)-- CreeLED, Inc. (“Cree LED”), an SGH company (Nasdaq: SGH), and Star Headlight & Lantern Co., Inc. (“Star”) today announced
About this update from Penguin Solutions, Inc.
[{"type":"text","content":" DURHAM, N.C.--(BUSINESS WIRE)--\n\nCreeLED, Inc. (“Cree LED”), an SGH company (Nasdaq: SGH), and Star Headlight & Lantern Co., Inc. (“Star”) today announced that they have reached a mutually beneficial settlement related to a patent infringement dispute between the parties. As part of the settlement, Cree LED granted Star a limited license to certain Cree LED patents covering LED components.\n\nAbout Cree LED\n\nCree LED offers one of the industry’s broadest portfolios of application-optimized LED chips and components, leading the industry in performance and reliability. Our team delivers best-in-class technology and breakthrough solutions for focused applications in high power and mid-power general lighting, specialty lighting and video screens. With more than thirty years of experience, Cree LED develops products backed by expert design assistance, superior sales support and industry-best global customer service. For more information, visit www.cree-led.com.\n\nAbout Star Headlight & Lantern Company\n\nEstablished in 1889 by five founding owners, Star Headlight and Lantern Co. was purchased later in 1889 by George Washington Jacobs and has maintained all production since then in Rochester NY. The Jacobs family has guided the company through five generations of leadership to become an industry leader in the rail, amber light and emergency lighting markets with company headquarters and manufacturing center located in Avon, New York. For more information, visit: https://www.star1889.com/.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20221214005985/en/\n\nSGH Legal Representative\nJohn Morrow\nWomble Bond Dickinson (US) LLP\[email protected]\n\nMedia Relations\nDebi Polo\nSr Manager, Marketing Communications, CreeLED, Inc.\[email protected]\n\nSource: CreeLED, Inc.","length":4332,"tagName":"div"}]