Penguin Solutions' Cree LED Subsidiary Settles Patent Infringement Dispute With Nanolumens; Terms Undisclosed
Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), and Nanolumens today announced that they have entered into a mutually beneficial patent cross-license agreement that resolves a patent infringement dispute involving
Penguin Solutions' LED company and Nanolumens stopped fighting over who invented what and agreed to share their technology instead. When companies stop legal battles, it usually means they can focus on making and selling products again.
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