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CreeLED Inc. and Promier Products, Inc. (d/b/a LitezAll) Resolve Patent Dispute Through Limited License Agreement

Source: businesswire.com

Legal & LitigationPatents & Intellectual PropertyCompany Fundamentals
CreeLED Inc. and Promier Products, Inc. (d/b/a LitezAll) Resolve Patent Dispute Through Limited License Agreement

Cree LED and Promier Products announced a mutually beneficial settlement to resolve a patent infringement dispute involving Cree LED’s patents. The announcement suggests legal risk reduction, but no financial terms, damages, or operational impacts were disclosed in the report.

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