Saturday, December 21, 2024

Cree LED Partners with Daktronics for LED Display Technology Licensing

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Daktronics and Cree LED have announced a multi-year global patent licensing agreement effective December 2024, allowing Daktronics to utilize Cree LED’s patented technology in their products. This partnership enhances Daktronics’ capability to provide cutting-edge large-scale LED display systems without the risk of patent disputes, as many of the technologies they plan to employ are protected under this agreement. With over 35 years in the LED industry, Cree LED is recognized for its innovation and extensive intellectual property portfolio. The specifics of the licensing terms remain confidential, but the agreement underscores both companies’ commitment to delivering superior LED solutions and maintaining industry leadership.

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