(Austria) – License agreement strengthens IP position and provides extended freedom-to-operate for future growth of product portfolios.
Panasonic Corporation, Japan, Panasonic Lighting Europe, Germany and Tridonic & Co – a manufacturer of lighting components and part of the Zumtobel Group – have announced that they have entered into a patent license agreement. With this agreement the parties grant each other a license to use certain patents in the field of lighting electronics, mainly in the field of control and operation of LED light sources. The specific terms of the settlement will remain confidential.
This agreement will help the parties to accelerate R&D activities for creating new innovation and to push further growth of the LED lighting market. It gives both companies the freedom and opportunity to develop products and solutions in order to better service their customer needs in the fast changing lighting world.
“We are delighted with this important license agreement with Panasonic. It enables us to bring new products and technologies even faster to the market and further to provide a higher IP protection. This patent license agreement is one of the most wide-ranging in the history of Tridonic and strengthens the IP-position of the brand Tridonic and thus as well of the whole Zumtobel Group,” said Alfred Felder, CEO Tridonic.
“Intellectual property rights are gaining increasing importance in the lighting industry. Together with our mother company Panasonic, we are very happy about this patent license agreement with Tridonic, which provides extended freedom-to-operate for the future extension of our product portfolio,” said Klaus Breisch, Managing Director of Panasonic Lighting Europe.