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LITE-ON LICENSES CREE LED PATENT FOR BACKLIGHTING DISPLAYS.

LED industry leaders Cree, Inc. (NASDAQ:CREE) and Lite-On Technology Corporation have signed a licensing arrangement that will enhance both companies' ability to aggressively develop and market white LED-based products for backlighting laptop computer displays.

The arrangement includes a license for Cree's pioneering white LED patent, U.S. Patent No. 6,600,175. The license authorizes Lite-On, a strategic chip customer for Cree located in Taiwan, to manufacture and sell light bars incorporating Cree white LEDs for use in backlighting the LCD displays of laptops. This marks the first license Cree has granted specifically for a system-level application targeting laptop displays.

"Cree's '175 patent is particularly important to companies manufacturing white LED-based display products for the laptop and PC markets, because avoiding IP disputes is essential for PC market acceptance," noted Scott Schwab, Cree vice president and general manager of optoelectronics. "This arrangement with Lite-On is an important first step to addressing the emerging LED market in laptop displays."

"We knew we needed a strong LED technology with a broad intellectual property portfolio for our new backlighting products," said Rex Wu, Lite-On associate vice president. "Lite-On turned to Cree to provide a significant competitive advantage for products sold into the laptop backlighting marketplace."

About Lite-On

Lite-On Technology Corporation is a leading worldwide supplier of digital convergence products and computer, consumer electronics, communications, car electronics devices, peripherals and components. Lite-On was founded in 1975 to produce LED products and has steadily grown to become one of the world's largest optoelectronic product manufacturers with production facilities worldwide. Keys to Lite-On's success are its commitment to product excellence; its ambition to remain a leading international manufacturer with high-volume capacities for commodity and application-specific products; its strong research and development foundation; and its vertical integration.

Lite-On is a global leader in LEDs, photo-couplers, LCD displays, power supplies, enclosure, GPS, DVD players, USB digital tuners, as well as printers and phone camera modules. Lite-On strives to provide total solutions to its customers and ultimately to become their one-stop-shop manufacturing service.

For more information, visit http://www.liteon.com.

About Cree, Inc.

Cree is a market-leading innovator and manufacturer of semiconductors and devices that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide (SiC) and gallium nitride (GaN) for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products.

Cree drives its increased performance technology into multiple applications including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current, switch-mode power supplies and variable-speed motors, and more effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixture makers to defense-related federal agencies.

Cree's product families include blue and green LED chips, lighting LEDs, LED backlighting solutions, power-switching devices and radio-frequency/wireless devices.

For more information, http://www.cree.com or call 919/287-7505.
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Publication:PC Business Products
Date:Nov 1, 2006
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