LITE-ON LICENSES CREE LED PATENT FOR BACKLIGHTING DISPLAYS.

PC Business Products, November, 2006

LED industry leaders Cree, Inc. (NASDAQ:CREE) and Lite-On Technology Corporation have signed a licensing arrangement that will enhance both companies' ability to aggressively develop and market white LED-based products for backlighting laptop computer displays.

The arrangement includes a license for Cree's pioneering white LED patent, U.S. Patent No. 6,600,175. The license authorizes Lite-On, a strategic chip customer for Cree located in Taiwan, to manufacture and sell light bars incorporating Cree white LEDs for use in backlighting the LCD displays of laptops. This marks the first license Cree has granted specifically for a system-level application targeting laptop displays.

"Cree's '175 patent is particularly important to companies manufacturing...

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