Cree and Harvatek settle over LED
Durham, North Carolina-based LED lighting manufacturer Cree reached a confidential settlement in its patent infringement lawsuit with Harvatek Corp.
Harvatek has agreed to a royalty bearing, worldwide license to the Cree patents-in-suit, thereby ending the lawsuit between the parties. Harvatek will pay Cree a license issue fee and ongoing royalties as part of the license agreement.
“Cree’s focus on innovation has led to sophisticated, energy efficient lighting products and a significant, broad-reaching, LED and LED lighting patent portfolio,” said Brad Kohn, VP legal and general counsel for Cree. “Harvatek filed two meritless patent infringement countersuits in California. Both were quickly dismissed with prejudice and with no compensation paid by Cree. Cree’s original patent infringement lawsuit has now been settled, resulting in a license agreement that properly compensates Cree for the use of our IP.”
Cree has developed an extensive LED patent portfolio over the years, the company said. Cree pointed to a list of its licensees, including Osram, Wyndsor Lighting, Seoul Semiconductor and Stanley Electric Co.
Glidden Complete enters Walmart
Whether or not one views Walmart as a competitor in the home improvement space, the world’s largest retailer has been taking steps in recent years toward building its reputation as a homeowner’s destination.
The most recent effort is in the paint aisle.
The new Glidden Complete interior paint is available exclusively at Walmart stores. According to the announcement, the move makes Walmart “a single-stop destination for consumers’ home décor needs from paint to appliances, bedding and accents.”
Glidden Complete performs against life’s spills and stains, according to Glidden, a brand of PPG. It provides stain-fighting power and is highly washable, and – in keeping with Walmart’s low-price mantra – it is advertised as an “exceptional value.”
“Glidden Complete interior paint provides excellent stain-fighting power for projects that require great coverage in any room of your house,” said Mark Lancia, senior brand manager, Glidden paint, a brand of PPG. “A win-win for do-it-yourselfers taking on a new painting project, Glidden Complete paint provides a high-quality product at a value.”
Glidden Complete interior paint’s stain-blocking and -resistance power means fewer touch-ups and maintenance for years to come. With exceptional stain blocking and hide and excellent scrubbability, this product makes quality and lasting beauty achievable. Glidden Complete interior paint empowers consumers to find a smarter way to wow with a product that is both high quality and budget friendly.