Cree Inc just announced that it has signed an LED patent cross-license agreement with Koninklijke Philips Electronics NV.

The agreement is worldwide and covers a range of  LED technologies including blue LED chip technology, white LEDs and phosphors. It also covers  associated technologies such as control systems, LED luminaires and lamps, and LED backlighting for LCD screens.

In a press release, Chuck Swoboda, Cree chairman and CEO, commented on the agreement:

“This agreement demonstrates the breadth and depth of both companies’ intellectual property, as well as

the fundamental nature and value these patents bring to the market. It also signals both companies’ commitment to growing the LED market while respecting the value and importance of international intellectual property laws.”