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GE Lighting and Rambus Sign License Agreement to Create Flat-Panel LED Lighting Systems

July 2, 2010
GE Lighting, Cleveland, and and Rambus Inc., Los Altos, Calif., (Nasdaq: RMBS), a publicly owned manufacturer of LED products for a variety of markets, have signed a licensing agreement for the use of Rambus' patented lighting innovations to create a ...

GE Lighting, Cleveland, and and Rambus Inc., Los Altos, Calif., (Nasdaq: RMBS), a publicly owned manufacturer of LED products for a variety of markets, have signed a licensing agreement for the use of Rambus' patented lighting innovations to create a flat-panel LED lighting system for architectural and commercial lighting.

In a press release announcing the agreement, Michael Petras Jr., president and CEO of GE Lighting, said, "One of our objectives as a lighting innovator is to quickly launch leading-edge products that can accelerate the adoption of quality LED lighting solutions around the world in commercial and residential settings. We want to provide customers with more unique LED innovations, and this agreement helps us get there faster."

Jeff Parker, senior V.P. and president of Lighting and Display Technology at Rambus, added,, "As an acknowledged leader in solutions for a full range of lighting products, GE is an excellent fit with Rambus. Working together, we will create a new generation of advanced LED-based lighting products with unique form factors that are cost-competitive and energy efficient."

Rambus launched its Lighting and Display Technology business in 2009, taking advantage of a technology-licensing platform that the company has developed over the past 20 years. During that time, Rambus has licensed its patented inventions to industry-leading electronics companies for computers, HDTVs and gaming systems. The company had 2009 revenues of $ 113 million. Details