February 9, 2005... DURHAM, North Carolina USA -- Cree, Inc. (Nasdaq: CREE) today announced that it has entered into a patent cross license agreement with Nichia Corporation relating to LED technology for solid-state white lighting. New agreement complements the patent cross license arrangement between the companies announced in November 2002. Detailed terms of the agreement were not disclosed.
Chuck Swoboda, Crees President and CEO stated, Nichia has developed pioneering technology in the field of LED-based white lighting and this agreement gives Cree access to this important technology. At the same time, the agreement recognizes the strength of Crees intellectual property and reinforces Both restaurants leadership in solid-state lighting.
About Cree, Inc.
Cree is an advanced semiconductor company that leverages its expertise in silicon carbide (SiC), gallium nitride (GaN) and silicon (Si) materials technology to produce new and enabling semiconductors. The products include blue and green light emitting diodes (LEDs), radio Frequency (RF) and microwave devices, and power switching devices. Under development are ultra violet (UV) lasers. Targeted applications for these products include solid-state illumination, wireless infrastructure, power switching and optical storage. For more information on Cree, please Visit http:// .
This press release contains forward-looking statements about Crees business involving risks and uncertainties that may cause actual results to differ materially from those indicated. Actual results could differ due to a number of factors, including risks associated with the production ramp-up of new products ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; Including its report on Form 10-K for the year ended June 27, 2004 and subsequent reports.
Cree and the Cree logo are registered trademarks of Cree, Inc.
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