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Penguin Solutions' Cree LED Brand, Blizzard Lighting Reach Settlement Over Patent Infringement Dispute; Terms Not Disclosed

Benzinga·01/20/2026 15:39:25
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Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Blizzard Lighting LLC (‘Blizzard') today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED's patents related to LED components commonly used in LED displays. As part of the settlement, Cree LED has granted Blizzard a limited license to certain Cree LED patents covering LED components.