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LEDVANCE Reaches Agreement on UC Santa Barbara's Patented LED Technology

[2019.12.02, Mon 18:03] LEDVANCE, one of the world's leading general lighting providers for professional users and end consumers, are pleased to announce they have entered into a licensing agreement in UC Santa Barbara's patent enforcement campaign related to filament LED technology. On July 30, 2019., UC Santa Barbara launched the first-of-its-kind patent enforcement campaign against five major retailers to promote the respect of its patent rights covering foundational filament LED technology. "This agreement allows UC Santa Barbara to reinvest in research and continue to generate world-changing innovations." The patent enforcement campaign comprises a U.S. International Trade Commission investigation into the retailers' unauthorized importation and sales of UC Santa Barbara's patented LED technology and lawsuits filed in U.S. District Court in Los Angeles. Through the campaign, UC Santa Barbara hopes to encourage sellers of the patented filament LED technology to reach licensing agreements with the university, designating them as authorized retailers of the technology and, in turn, compensating UC Santa Barbara for its research and development of the technology. "LEDVANCE seeks innovations to shape the lighting market and the agreement with UC Santa Barbara is a great agreement to reinforce our innovation strategy. We are pleased to have come to this agreement with UC Santa Barbara which will allow us to continue providing our clients with SYLVANIA lighting options that are cost- and energy-efficient," said Matt McCarron. VP of Industrial / Commercial Sales for LEDVANCE LLC. "LEDVANCE and UC Santa Barbara played important roles in the development of LED filament technology that had a significant impact on the lighting industry, and we are happy to have come to an agreement that recognizes that work."
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