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Article: Cree and Boston University Announce Settlement of Litigation With AXT, Inc.
- Article from:
- PR Newswire
- Article date:
- March 16, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Cree, Inc. and Boston University announced today that they have reached a settlement with AXT, Inc. in the patent infringement lawsuit brought against AXT in June 2003 for infringement of U.S. Patent No. 5,686,738. The patent, which Cree licenses from the University on an exclusive basis, relates to technology developed by Boston University Professor Theodore Moustakas directed to gallium nitride-based buffer layers used with sapphire and other substrates. Cree and the University alleged infringement based on light- emitting diodes previously manufactured by AXT, and AXT asserted various counterclaims. The parties have agreed to dismissal of all claims and counterclaims. ...