Cree LED, a Penguin Solutions brand (PENG), and Daktronics (DAKT) announced a multi-year, global patent license agreement effective December 2024. With limited exceptions, this agreement provides a license to Daktronics for Cree LED’s patented technology for the duration of the agreement. Specific licensing terms remain confidential. This license agreement ensures there are no patent disputes between the parties based on the licensed Cree LED patents for the term of the agreement.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PENG:
- Penguin Solutions Secures $200M Investment from SK Telecom
- Penguin Solutions enters collaboration with Dell Technologies
- Penguin Solutions initiated with an Outperform at JMP Securities
- PayPal, Estee Lauder downgraded: Wall Street’s top analyst calls
- Penguin Solutions initiated with a Buy at Goldman Sachs