DURHAM, NC — Cree, Inc. (Nasdaq: CREE) announced today that the U.S. International Trade Commission (ITC) has agreed to open an investigation into unfair trade practices by Feit Electric Company, Inc. and its Asian supplier, Unity Opto Technology Co., Ltd. The investigation includes allegations of infringement of 8 Cree patents related to LED lighting and Feit’s false and misleading advertising claims, including that certain of its products meet ENERGY STAR® specifications. The decision to open an investigation comes after Cree filed a complaint on January 12, 2015, requesting an investigation by the ITC.
“We’re pleased with the ITC’s decision to open an investigation into this matter,” said Chuck Swoboda, Cree Chairman and CEO. “With nearly $1B investment in developing the fundamental technology that underlies LED lighting adoption, it is our obligation to protect our intellectual property. Through their actions, Feit and Unity Opto are enjoying an unfair advantage in the market and discouraging the development of new products that benefit consumers.”
The investigation is titled “Certain Light-Emitting Diode Products and Components Thereof, ITC Inv. No. 337-TA-747.” The ITC’s announcement to institute an investigation may be viewed here. (U.S International Trade Commission, ITC Investigation No. 337-TA-747).