Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology
Cree LED, a Penguin Solutions brand (PENG), and Daktronics (DAKT) have established a multi-year, global patent license agreement effective December 2024. The agreement grants Daktronics access to Cree LED's patented technology, with exceptions.
Cree LED, with over 35 years of expertise in LED die and packaging technology, maintains a substantial intellectual property portfolio focused on LED display applications. The agreement allows Daktronics, a leader in large-scale LED displays, to utilize these patents without concern for potential patent disputes during the agreement term.
While specific licensing terms remain confidential, the partnership enables Daktronics to confidently deliver state-of-the-art LED display systems to the market.
Cree LED, un marchio di Penguin Solutions (PENG), e Daktronics (DAKT) hanno stabilito un accordo di licenza globale di brevetto della durata di diversi anni, valido dal dicembre 2024. L'accordo consente a Daktronics di accedere alla tecnologia brevettata di Cree LED, con alcune eccezioni.
Cree LED, con oltre 35 anni di esperienza nella tecnologia dei chip e del packaging LED, possiede un ampio portafoglio di proprietà intellettuale focalizzato sulle applicazioni per display LED. L'accordo consente a Daktronics, leader nei display LED su larga scala, di utilizzare questi brevetti senza preoccuparsi di potenziali dispute sui brevetti durante il periodo dell'accordo.
Sebbene i termini specifici della licenza rimangano riservati, la partnership consente a Daktronics di offrire con fiducia sistemi di display LED all'avanguardia sul mercato.
Cree LED, una marca de Penguin Solutions (PENG), y Daktronics (DAKT) han establecido un acuerdo de licencia de patente global por varios años que entrará en vigor en diciembre de 2024. El acuerdo otorga a Daktronics acceso a la tecnología patentada de Cree LED, con algunas excepciones.
Cree LED, con más de 35 años de experiencia en tecnología de chip LED y empaque, mantiene un amplio portafolio de propiedad intelectual enfocado en aplicaciones de pantallas LED. El acuerdo permite a Daktronics, un líder en pantallas LED a gran escala, utilizar estas patentes sin preocuparse por posibles disputas de patentes durante la vigencia del acuerdo.
Si bien los términos específicos de la licencia son confidenciales, la asociación permite a Daktronics ofrecer con confianza sistemas de pantallas LED de última generación en el mercado.
Cree LED, 펭귄 솔루션의 브랜드 (PENG), 그리고 Daktronics (DAKT)는 2024년 12월부터 유효한 다년간의 글로벌 특허 라이센스 계약을 체결했습니다. 이 계약은 Daktronics가 Cree LED의 특허 기술에 접근할 수 있도록 하며, 일부 예외가 있습니다.
Cree LED는 LED 칩 및 패키징 기술에서 35년 이상의 경력을 보유하고 있으며, LED 디스플레이 응용 분야에 중점을 두고 있는 상당한 지적 재산 포트폴리오를 유지하고 있습니다. 이 계약을 통해 대형 LED 디스플레이 분야의 선두주자인 Daktronics는 계약 기간 동안 발생할 수 있는 특허 분쟁에 대한 걱정 없이 이러한 특허를 이용할 수 있습니다.
특정 라이센스 조건은 기밀로 유지되지만, 이 파트너십은 Daktronics가 시장에 최첨단 LED 디스플레이 시스템을 자신 있게 제공할 수 있도록 합니다.
Cree LED, une marque de Penguin Solutions (PENG), et Daktronics (DAKT) ont établi un accord mondial de licence de brevet de plusieurs années, effectif à partir de décembre 2024. Cet accord accorde à Daktronics l'accès à la technologie brevetée de Cree LED, avec certaines exceptions.
Cree LED, avec plus de 35 ans d'expertise dans la technologie des puces LED et de l'emballage, possède un portefeuille important de propriété intellectuelle axé sur les applications d'affichage LED. L'accord permet à Daktronics, un leader dans les affichages LED à grande échelle, d'utiliser ces brevets sans crainte de litiges potentiels pendant la durée de l'accord.
Bien que les conditions spécifiques de la licence restent confidentielles, le partenariat permet à Daktronics de proposer en toute confiance des systèmes d'affichage LED à la pointe de la technologie sur le marché.
Cree LED, eine Marke von Penguin Solutions (PENG), und Daktronics (DAKT) haben einen mehrjährigen globalen Lizenzvertrag für Patente abgeschlossen, der ab Dezember 2024 gültig ist. Der Vertrag gewährt Daktronics Zugang zu den patentierten Technologien von Cree LED, mit einigen Ausnahmen.
Cree LED verfügt über mehr als 35 Jahre Erfahrung in der LED-Chip- und Verpackungstechnologie und besitzt ein umfangreiches Portfolio an geistigem Eigentum, das sich auf LED-Display-Anwendungen konzentriert. Der Vertrag ermöglicht es Daktronics, einem führenden Anbieter von großflächigen LED-Displays, diese Patente zu nutzen, ohne sich während der Laufzeit des Vertrags um mögliche Patentstreitigkeiten sorgen zu müssen.
Obwohl die spezifischen Lizenzbedingungen vertraulich bleiben, ermöglicht die Partnerschaft Daktronics, hochmoderne LED-Displaysysteme mit Zuversicht auf den Markt zu bringen.
- Secured new revenue stream through multi-year licensing agreement
- Strategic partnership with major LED display market leader
- Protection and monetization of intellectual property portfolio
- None.
Insights
Daktronics licenses Cree LED’s patented technology in a multi-year global agreement announced today. (Photo: Business Wire)
With over 35 years of expertise in LED die and packaging technology, along with a robust portfolio of intellectual property covering their use in LED displays, Cree LED has consistently invested in innovation, securing numerous patents to protect its advancements. As a trusted industry leader, Cree LED remains committed to delivering best-in-class, durable solutions that exceed the rigorous demands of next-generation LED-based displays.
Daktronics, as a leader in the large-scale LED display market, is committed to ensuring that their customers have access to state-of-the art LED display systems. This agreement enables Daktronics to confidently provide industry leading LED display systems to the market, knowing that its products will not be subject to claims based on the licensed Cree LED patents.
Specific licensing terms remain confidential. This license agreement ensures there are no patent disputes between the parties based on the licensed Cree LED patents for the term of the agreement.
Cree LED is a registered trademark of CreeLED, Inc. All other trademarks and registered trademarks are the properties of their respective owners.
About Cree LED
Cree LED, a Penguin Solutions brand, offers one of the industry’s broadest portfolios of application-optimized LED chips and components, leading the industry in performance and reliability. With more than 35 years of innovation, our strong IP portfolio and unique business model ensures supply chain continuity. We deliver best-in-class technology and breakthrough solutions for focused applications in high power and mid-power general lighting, horticulture, specialty lighting and video screens. For more information, visit www.cree-led.com.
About Daktronics
Daktronics has strong leadership positions in, and is the world's largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The Company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, and one International business unit. For more information, visit the Company's website at: www.daktronics.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241217464919/en/
Cree LED Media Relations
Debi Polo
Sr. Manager, Marketing Communications, Cree LED, Inc.
debi.polo@cree-led.com
Penguin Solutions
Maureen O’Leary, Director Communications
pr@penguinsolutions.com
Daktronics Media Relations
Justin Ochsner
Public Relations/Marketing, Daktronics
justin.ochsner@daktronics.com
Source: Penguin Solutions, Inc.
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