Cree Inc. has announced that it and Boston University have reached agreement with Bridgelux Inc. to settle the parties’ patent infringement litigation and to dismiss all claims and counterclaims in the suits.
As part of the settlement, Bridgelux, a privately held company based in Sunnyvale, Calif., will pay royalties and license fees to settle litigation over patents held by Cree and Boston University.
In addition, Bridgelux and Cree have entered into a supply agreement under which Cree will become a significant supplier to Bridgelux. Other terms of the settlement are confidential.
Mark Swoboda, Bridgelux, chief executive officer stated that this agreement creates a collaborative environment between Bridgelux and Cree, while affirming the commitment of both companies to the protection of intellectual property. Cree will become an important technology and manufacturing partner for Bridgelux, supporting their efforts to enable the mass adoption of solid state lighting.
According to Adam Broome, Cree VP-Legal and general counsel, this resolution underscores the importance of intellectual property in the nitride LED market. They look forward to working with Bridgelux.
About Bridgelux
Focused on bringing innovation to light, Bridgelux is a leading provider of high-power, cost-effective and energy-efficient light-emitting diode (LED) solutions. The company's proprietary epitaxy technology, innovative chip designs and leading-edge LED packaging technology have enabled the company to develop advanced solid-state lighting (SSL) products that offer superior quality, are lower in cost and are environmentally friendly -- all without compromising performance. In addition to LED chips, the company is actively seeking to extend its reach to deliver value-added, application-specific solutions that will open up new markets in solid-state lighting. Founded in 2002, Bridgelux is headquartered in Sunnyvale, Calif. For more information about the company, please visit www.bridgelux.com
