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2016-05-03

Cree and Harvatek Settle Patent Dispute

Cree a leader in LED lighting, announced that it has reached a confidential settlement in its patent infringement lawsuit with Harvatek. Harvatek has agreed to a royalty bearing, worldwide license to the Cree patents-in-suit, thereby ending the lawsuit between the parties. Harvatek will pay Cree a license issue fee and ongoing royalties as part of the license agreement.
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