Cree LED, An SGH company And Current Lighting Enter Into License Agreement; Six KSF/PFS Phosphor Patents Included For LED Manufacturing
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Cree LED, an SGH company (NASDAQ:SGH), and Current Lighting Solutions, LLC have entered into a patent license agreement for the use of Current's KSF/PFS red phosphor patents in Cree LED's Pro9 technology products. The agreement grants Cree LED a nonexclusive, worldwide license to use six specific U.S. patents in their Pro9 LED products, which include XLamp COB LED arrays, high-power LEDs, and J Series mid-power LEDs. These products benefit from enhanced color quality and efficiency due to the KSF/PFS phosphor. Terms of the agreement are confidential.
January 24, 2024 | 3:01 pm
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Cree LED, a subsidiary of SGH, has secured a patent license agreement with Current Lighting for KSF/PFS phosphor technology, which is expected to enhance their Pro9 LED product line's efficiency and color rendering capabilities.
The license agreement allows Cree LED to incorporate advanced phosphor technology into their products, which could lead to improved product offerings and potentially increase sales. As this technology is expected to enhance the performance of Cree LED's products, it could have a positive impact on SGH's stock price in the short term due to anticipated market approval and potential revenue growth.
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