Cree, Inc. (Nasdaq: CREE) has filed a complaint against E. Mishan & Sons, Inc. ("Emson") with the U.S. District Court for the District of Massachusetts for infringement of Cree's patented LED technology in Emson's flashlights, such as the Bell + Howell Taclight. "Cree will not tolerate and will aggressively defend against such blatant disregard of its intellectual property rights," said Dave Emerson, senior vice president and general manager for Cree LEDs. "We have an obligation to our customers to ensure that the market offers products that include the high-quality LED components that customers have come to expect. We are committed to protecting Cree's investment in research and development on behalf of our customers, shareholders and our licensing partners." As part of the complaint, Cree is seeking an award of enhanced damages, attorneys' fees and an injunction to prevent Emson from offering for sale and selling any products using knock-off LEDs. About Cree Cree is a market-leading innovator of lighting-class LEDs, lighting products and semiconductor products for power and radio frequency (RF) applications. Cree believes in better light experiences and is delivering new innovative LED technology that transforms the way people experience light through high-quality interior and exterior LED lighting solutions. Cree's product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree's products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and inverters. Please refer to www.cree.com for additional product and company information. This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk that the outcome of the District Court action may be unfavorable in whole or in part; customer acceptance of new LED products; the rapid development of new technology and competing products that may impair demand or render Cree's products obsolete; and other factors discussed in Cree's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 26, 2016, and subsequent filings.
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