Cree LED, a Penguin Solutions brand, and Daktronics announced a multi-year, global patent license agreement effective December 2024. This agreement provides Daktronics with a license to Cree LED’s patented technology for the duration of the term, with limited exceptions.
Cree LED has a 35-year history of innovation in LED die and packaging technology, supported by a robust portfolio of intellectual property covering LED displays. This agreement allows Daktronics to confidently provide LED display systems to the market without patent disputes based on the licensed Cree LED patents.
The licensing agreement underscores Cree LED's commitment to protecting its advancements and monetizing its intellectual property. While specific terms remain confidential, this collaboration ensures market access for advanced LED display systems.
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