Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Penguin Solutions' Cree LED Brand Resolves Patent Dispute With Promier Products

Penguin Solutions' Cree LED Brand Resolves Patent Dispute With Promier Products

MT newswireMT newswire2026/08/31 17:26
01:26 PM EDT, 08/31/2026 (MT Newswires) -- Penguin Solutions' (PENG) Cree LED brand and Promier Products have mutually settled their patent infringement dispute involving Cree LED's patents about LED components used in portable lighting products, the companies said on Monday. As part of the settlement, Cree LED has granted Promier Products a limited license to certain Cree LED patents covering LED components, according to a statement. Financial details related to the settlement were not disclosed. Shares of Penguin Solutions were down 1.4% in Monday trading. Price: 48.74, Change: -0.77, Percent Change: -1.56
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Global economy risks fragmentation! Australia bets on AI as a new growth engine

In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.

智通财经2026/09/21 04:01

Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap

According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.

智通财经2026/09/21 03:56