{"id":795535,"date":"2024-12-17T10:18:06","date_gmt":"2024-12-17T15:18:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\/"},"modified":"2024-12-17T10:18:06","modified_gmt":"2024-12-17T15:18:06","slug":"cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\/","title":{"rendered":"Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology"},"content":{"rendered":"

<\/p>\n

Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology<\/b><\/p>\n

DURHAM, N.C.–(BUSINESS WIRE<\/a>)–Cree LED<\/a>, a Penguin Solutions<\/a> brand (Nasdaq: PENG<\/a>), and Daktronics (Nasdaq: DAKT<\/a>), today announced a multi-year, global patent license agreement effective December 2024. With limited exceptions, this agreement provides a license to Daktronics for Cree LED\u2019s patented technology for the duration of the agreement.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241217464919\/en\/<\/a><\/p>\n

\"Daktronics<\/p>\n

Daktronics licenses Cree LED\u2019s patented technology in a multi-year global agreement announced today. (Photo: Business Wire)<\/p>\n<\/div>\n

\nWith over 35 years of expertise in LED die and packaging technology, along with a robust portfolio of intellectual property covering their use in LED displays, Cree LED has consistently invested in innovation, securing numerous patents to protect its advancements. As a trusted industry leader, Cree LED remains committed to delivering best-in-class, durable solutions that exceed the rigorous demands of next-generation LED-based displays.<\/p>\n

\nDaktronics, as a leader in the large-scale LED display market, is committed to ensuring that their customers have access to state-of-the art LED display systems. This agreement enables Daktronics to confidently provide industry leading LED display systems to the market, knowing that its products will not be subject to claims based on the licensed Cree LED patents.<\/p>\n

\nSpecific licensing terms remain confidential. This license agreement ensures there are no patent disputes between the parties based on the licensed Cree LED patents for the term of the agreement.<\/p>\n

Cree LED is a registered trademark of CreeLED, Inc. All other trademarks and registered trademarks are the properties of their respective owners.<\/i><\/p>\n

About Cree LED<\/b><\/p>\n

\nCree LED, a Penguin Solutions brand, offers one of the industry\u2019s broadest portfolios of application-optimized LED chips and components, leading the industry in performance and reliability. With more than 35 years of innovation, our strong IP portfolio and unique business model ensures supply chain continuity. We deliver best-in-class technology and breakthrough solutions for focused applications in high power and mid-power general lighting, horticulture, specialty lighting and video screens. For more information, visit www.cree-led.com<\/a>.<\/p>\n

About Daktronics<\/b><\/p>\n

\nDaktronics has strong leadership positions in, and is the world’s largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The Company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, and one International business unit. For more information, visit the Company’s website at: www.daktronics.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241217464919\/en\/<\/a><\/span><\/p>\n

Cree LED Media Relations
\n<\/b>
Debi Polo
\n
Sr. Manager, Marketing Communications, Cree LED, Inc.
\n
debi.polo@cree-led.com<\/a><\/p>\n

Penguin Solutions
\n<\/b>
Maureen O\u2019Leary, Director Communications
\n
pr@penguinsolutions.com<\/a><\/p>\n

Daktronics Media Relations
\n<\/b>
Justin Ochsner
\n
Public Relations\/Marketing, Daktronics
\n
justin.ochsner@daktronics.com<\/a><\/p>\n

KEYWORDS:<\/b> North Carolina United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Audio\/Video Hardware Consumer Electronics<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Daktronics licenses Cree LED\u2019s patented technology in a multi-year global agreement announced today. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology DURHAM, N.C.–(BUSINESS WIRE)–Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Daktronics (Nasdaq: DAKT), today announced a multi-year, global patent license agreement effective December 2024. With limited exceptions, this agreement provides a license to Daktronics for Cree LED\u2019s patented technology for the duration of the agreement. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241217464919\/en\/ Daktronics licenses Cree LED\u2019s patented technology in a multi-year global agreement announced today. (Photo: Business Wire) With over 35 years of expertise in LED die and packaging technology, along with a robust portfolio of intellectual property covering their use in LED displays, Cree LED has consistently invested in innovation, securing numerous patents … <\/p>\n

Continue reading “Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795535","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCree LED and Daktronics Enter Licensing Agreement for LED Display Technology - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology DURHAM, N.C.–(BUSINESS WIRE)–Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Daktronics (Nasdaq: DAKT), today announced a multi-year, global patent license agreement effective December 2024. 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(Photo: Business Wire) With over 35 years of expertise in LED die and packaging technology, along with a robust portfolio of intellectual property covering their use in LED displays, Cree LED has consistently invested in innovation, securing numerous patents … Continue reading "Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-17T15:18:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20241217464919\/en\/2334026\/4\/PR_image_Daktronics_PR.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology\",\"datePublished\":\"2024-12-17T15:18:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\\\/\"},\"wordCount\":541,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20241217464919\\\/en\\\/2334026\\\/4\\\/PR_image_Daktronics_PR.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cree-led-and-daktronics-enter-licensing-agreement-for-led-display-technology\\\/\",\"name\":\"Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology - 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