Bridgelux Settles Patent Litigation With Cree

Bridgelux and Cree Establish Licensing Arrangement

SUNNYVALE, Calif., Dec. 29 /PRNewswire/ -- Bridgelux, Inc., a leading
supplier of energy-saving light-emitting diode (LED) technology, today
announced that Bridgelux has reached agreement with Cree, Inc. and Boston
University to settle the parties' patent infringement litigation and to
dismiss all claims and counterclaims in the suits. As part of the settlement,
Cree granted Bridgelux a license to the Cree and Boston University patents at
issue in the litigation, and Bridgelux agreed to pay a license fee and
royalties. In addition, Bridgelux and Cree have entered into a supply
agreement under which Cree will become a significant supplier to Bridgelux.
Other terms of the settlement are confidential.
"This agreement creates a collaborative environment between Bridgelux and
Cree, while affirming the commitment of both companies to the protection of
intellectual property," stated Mark Swoboda, Bridgelux, chief executive
officer. "Cree will become an important technology and manufacturing partner
for Bridgelux, supporting our efforts to enable the mass adoption of solid
state lighting."
About Bridgelux
Focused on bringing innovation to light, Bridgelux is a leading provider
of high-power, cost-effective and energy-efficient light-emitting diode (LED)
solutions. The company's proprietary epitaxy technology, innovative chip
designs and leading-edge LED packaging technology have enabled the company to
develop advanced solid-state lighting (SSL) products that offer superior
quality, are lower in cost and are environmentally friendly -- all without
compromising performance. In addition to LED chips, the company is actively
seeking to extend its reach to deliver value-added, application-specific
solutions that will open up new markets in solid-state lighting. Founded in
2002, Bridgelux is headquartered in Sunnyvale, Calif. For more information
about the company, please visit www.bridgelux.com
SOURCE Bridgelux, Inc.

Brian Fisher of Bridgelux, Inc., +1-408-990-7563, brianfisher@bridgelux.com