Cree, Inc. (Nasdaq: CREE) and Osram GmbH announced the signing of a comprehensive, worldwide patent cross-license agreement in an effort to speed the adoption of LED technology.
The cross-license agreement covers patents from both parties in the fields of blue LED chip technology, white LEDs and phosphors, packaging, LED luminaires and lamps, and LED lighting control systems.
Cree recently announced a similar broad cross-license agreement with Philips (NYSE: PHG) and has existing patent agreements with Nichia and Toyoda Gosei (TGOSY.PK) regarding LED technology.
Osram is a subsidiary of Siemens (NYSE:SI). However, the Germany technology giant announced last week that it intends to spin off the lighting company through an IPO later this year.
Jon Ogg at the Wall Street Journal wonders if Cree might be bait for a merger or acquisition soon, as the LED market has slowed down recently. He says the North Carolina-based company is of a size where it could continue to go along on its own, or seek a large buyer.
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