Light Polymers and Cree in patent license deal

Light Polymers has announced a patent license agreement with LED lighting company Cree.

“Cree has granted a royalty-bearing, non-exclusive patent license to certain Cree patents for certain LED luminaires,” said Light Polymers.

“This agreement will allow Light Polymers to apply their proprietary nanochemistry to affordably manufacture luminaires with special photonic films that advance the development of the LED lighting market by enhancing the efficiency and effectiveness of LED lighting products.”

Light Polymers CEO Marc McConnaughey said: “This patent licensing agreement with Cree is a big step in helping Light Polymers deliver the next generation of LED optics that enable more comfortable, safer and higher quality, well distributed lighting for homes and businesses.”