DURHAM, NC - Cree Inc. announced in a press release that the company and Boston University have agreed with Bridgelux Inc. to settle the parties’ patent infringement litigation and to dismiss all claims and counterclaims in the suits.

As part of the settlement, Cree granted Bridgelux a license to the Cree and Boston University patents at issue in the litigation, and Bridgelux agreed to pay a license fee and royalties.

In addition, Bridgelux and Cree have entered into a supply agreement under which Cree will become a significant supplier to Bridgelux. Other terms of the settlement are confidential.

“We are pleased that Cree and Bridgelux were able to resolve the litigation through a supply agreement and licensing arrangement,” Cree Vice President-Legal and General Counsel Adam Broome stated.

“This resolution underscores the importance of Intellectual Property in the nitride LED market. We look forward to working with Bridgelux,” he added.

Cree is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting.

Founded in 1839, Boston University is an internationally recognized institution of higher education and research.

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