CreeLED Files Patent Infringement Lawsuit Against Star Headlight & Lantern Company

Rhea-AI Summary

SMART Global Holdings has filed a patent infringement lawsuit against Star Headlight & Lantern Co. in the U.S. District Court for the Western District of New York. The lawsuit claims that Star infringed on four of Cree LED’s patents (U.S. Patent Nos. 8,884,510; 9,048,396; 9,865,780; and D718,258) by selling a product that incorporates six infringing LED packages. Cree LED, part of SMART Global, is committed to protecting its intellectual property and has a strong history of innovation in the LED industry.

Positive

• Cree LED's extensive investment in research and development supports its strong patent portfolio.
• The lawsuit highlights Cree LED's commitment to protecting its intellectual property rights.

Negative

• The lawsuit could lead to potential legal costs that might affect financial performance.
• Patent disputes can divert management attention away from core business strategies.

DURHAM, N.C.--(BUSINESS WIRE)-- CreeLED, Inc. (“Cree LED”), a SMART Global Holdings company (Nasdaq: SGH), announced that it has filed a patent infringement lawsuit in the United States District Court for the Western District of New York against Star Headlight & Lantern Co., Inc. (“Star”). The lawsuit asserts that Star has infringed Cree LED’s rights in four United States patents (U.S. Patent Nos. 8,884,510; 9,048,396; 9,865,780; and D718,258) by selling a DLITE product that incorporates six infringing LED packages.

Cree LED specializes in delivering a broad portfolio of high-performance LED chips and components to its customers. Cree LED, together with its predecessor, Cree, Inc., has a thirty-year track record of innovations and industry firsts. This rich history in technology and innovation has distinguished Cree LED as one of the LED industry’s strongest brands. Cree LED’s contributions to LED development and design serve as the basis for Cree LED’s expansive portfolio of U.S. and worldwide patents covering an array of innovative technologies.

As a U.S.-based market leader that has extensively invested in research and development, quality, and product innovation, Cree LED is committed to protecting and enforcing its valuable intellectual property rights.

About Cree LED

Cree LED, an SGH company, 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 General Lighting, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220429005765/en/

Investor Contact

Suzanne Schmidt

Investor Relations, SMART Global Holdings, Inc.

ir@sghcorp.com

Media Relations

Debi Polo

Sr Manager, Marketing Communications, CreeLED, Inc.

debi.polo@cree-led.com

Source: SMART Global Holdings, Inc.

FAQ

What is the recent lawsuit involving SMART Global Holdings (SGH)?

SMART Global Holdings has filed a patent infringement lawsuit against Star Headlight & Lantern Co. for infringing on four Cree LED patents.

What patents are involved in the Cree LED lawsuit?

The patents involved are U.S. Patent Nos. 8,884,510; 9,048,396; 9,865,780; and D718,258.

What does the lawsuit mean for investors in SGH?

The lawsuit indicates Cree LED's commitment to enforcing its patents, which could impact its competitive position and financial performance.

Where was the Cree LED lawsuit filed?

The lawsuit was filed in the U.S. District Court for the Western District of New York.

How does the lawsuit affect Cree LED's market position?

The lawsuit aims to protect Cree LED's innovations, which could strengthen its market position in the LED industry.