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CreeLED Inc. Files Patent Infringement Lawsuit Against NanoLumens, Inc.

1. Cree LED filed a patent lawsuit against NanoLumens for infringement. 2. The lawsuit claims infringement on multiple U.S. patents related to display technology. 3. Cree LED emphasizes its strong commitment to protecting its intellectual property. 4. Innovations include industry-first LED technologies, enhancing display performance and reliability. 5. Cree LED continues to lead in R&D and rigorous patent enforcement.

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Why Bullish?

The patent lawsuit indicates strong IP protection, which enhances market confidence in PENG's value. Historical cases, like Apple's litigation with Samsung, show strong patents can boost stock value.

How important is it?

The patent lawsuit aligns directly with PENG's operations, protecting its innovations and competitive edge, likely impacting investor confidence.

Why Short Term?

Legal actions can result in immediate stock price reactions depending on market perceptions. A swift resolution might significantly influence investor sentiment and stock performance.

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DURHAM, N.C.--(BUSINESS WIRE)--Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of Georgia against NanoLumens, Inc. The lawsuit asserts that NanoLumens has infringed Cree LED’s rights in the following patents by selling certain display products: U.S. Patent Nos. US8049230, US8901583, US9054257, US8487337, US8748915, US7718991, US9634209, US9240395, USD684545 and USD704358. Cree LED, a global leader in advanced LED solutions, continues to set the standard for innovation in display technology, backed by one of the industry’s most robust intellectual property portfolios. For the past two decades, Cree LED has consistently delivered first-to-market breakthroughs that have redefined performance benchmarks across the digital display landscape. Pioneering advancements include the introduction of the industry’s first IPX6/IPX8-rated surface-mount device (SMD) LEDs for displays, the development of High Contrast SMD LEDs, and the launch of proprietary FusionBeam™ Technology. These patented innovations have enabled bright, high contrast displays that work reliably indoors and outdoors, supporting digital signage applications from live events to retail installations. As a company deeply committed to research and development, Cree LED actively monitors the global market to identify unauthorized use of its patented technologies. This includes vigilance across the entire value chain, from manufacturers and suppliers to specifiers and end users of digital display systems. “Protecting our intellectual property is essential to sustaining innovation and ensuring a level playing field,” said Jesse Reiherzer, vice president of Cree LED’s High Bright business. “We will continue to take decisive action to defend our patents and uphold the integrity of our technology.” Cree LED remains steadfast in its mission to drive the future of LED display technology through continuous innovation, strategic investment, and rigorous IP enforcement. Cree LED and FusionBeam are trademarks or registered trademarks CreeLED, Inc. All other trademarks and registered trademarks are the properties of their respective owners. About Cree LED Cree LED, a Penguin Solutions brand, offers one of the industry’s broadest portfolios of application-optimized LED chips and components, leading the industry in performance and reliability. With more than 35 years of innovation, our strong IP portfolio and unique business model ensures supply chain continuity. We deliver best-in-class technology and breakthrough solutions for focused applications in high power and mid-power general lighting, horticulture, specialty lighting and video screens. For more information, visit cree-led.com. More News From Penguin Solutions, Inc.

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