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Cree receives favorable decision in U.S. International Trade Commission case against Feit and Unity

Aug 02, 2016
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DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) announced today that that it has received a Notice of the Initial Determination in U.S. International Trade Commission ("ITC") investigation No. 337-TA-947 (“Certain Light-Emitting Diode Products and Components Thereof”) in favor of Cree against respondents Feit Electric Company, Inc. and its Asian supplier, Unity Opto Technology Co., Ltd., on violations of trade laws for both patent infringement and false advertising.

The ITC Judge’s Decision includes the following findings:

  • A violation of section 337 of the Tariff Act by Feit and Unity due to infringement of:
    • U.S. Patent No. 8,596,819 (LED Lighting Product Efficiency);
    • U.S. Patent No. 8,628,214 (LED Lighting Product Efficiency);
    • U.S. Patent No. 7,976,187 (Omni-directional LED Lighting Product); and
    • U.S. Patent No. 8,766,298 (LED Component Structure).
  • A violation due to the false and misleading advertisement by Feit and Unity of certain products as bearing the ENERGY STAR® logo when they failed to meet ENERGY STAR® standards and/or requirements.

The ITC's Final Determination in the investigation is currently expected by November 29, 2016.

“We are pleased that the Judge’s decision reaffirms Cree’s breakthroughs on more efficient and omni-directional LED lighting products,” said Brad Kohn, Cree General Counsel.  “We hope this decision results in an exclusion order and a cease and desist order that would protect both consumers and Cree by preventing the importation of products that improperly use Cree’s patented technology, falsely claim to meet ENERGY STAR® requirements, or both.”

About Cree, Inc.:

Cree is a market-leading innovator of lighting-class LEDs, lighting products and semiconductor products for power and radio frequency (RF) applications. Cree believes in better light experiences and is delivering new innovative LED technology that transforms the way people experience light through high-quality interior and exterior LED lighting solutions.

Cree’s product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree’s products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and inverters.

For additional product and Company information, please refer to www.cree.com.

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk that the final outcome of the ITC investigation may be unfavorable in whole or in part; customer acceptance of new LED products and/or uncertain demand for products using the technology; the rapid development of new technology and competing products that may impair demand or render Cree’s products obsolete; and other factors discussed in Cree’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 28, 2015, and subsequent filings.

Cree® is a registered trademark of Cree, Inc. and ENERGY STAR® is a registered trademark of the U.S. Environmental Protection Agency.

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