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Philips and Cree Ink Cross-Licensing Deal

As the technology behind light-emitting diodes (LEDs) for general lighting begins to mature, we're seeing more companies choose up sides and cut deals for access to the most promising technologies. Cree, Inc., Durham, N.C., and Royal Philips Electronics, Eindhoven, Netherlands, announced this week that they've signed a comprehensive, worldwide patent cross-license agreement to further accelerate the growth of the LED lighting market.

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