Penguin Solutions' Cree LED Brand Resolves Patent Dispute With Promier Products

MT newswire2026/08/31 17:26

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

01:26 PM EDT, 08/31/2026 (MT Newswires) -- Penguin Solutions' (PENG) Cree LED brand and Promier Products have mutually settled their patent infringement dispute involving Cree LED's patents about LED components used in portable lighting products, the companies said on Monday. As part of the settlement, Cree LED has granted Promier Products a limited license to certain Cree LED patents covering LED components, according to a statement. Financial details related to the settlement were not disclosed. Shares of Penguin Solutions were down 1.4% in Monday trading. Price: 48.74, Change: -0.77, Percent Change: -1.56

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41