Cree signs patent cross-licensing deal with another LED firm

Cree (Nasdaq: CREE) has signed another cross-licensing patent deal with another LED firm.

On Monday, Cree disclosed a deal with Osram GmBH. Financial terms were not disclosed.

Cree recently signed a patent deal with Philips and has agreements with two other firms, the company said.

“Over the last two decades, we have developed innovative, energy efficient LED lighting technology and have protected this technology under international intellectual property laws,” said Chuck Swoboda, Cree’s chairman and CEO, in a statement. “This agreement can enable our customers to accelerate the LED lighting revolution.”

Cree owns some 1,800 patents and is seeking another 2,600.

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