CreeLED Inc. and Promier Products, Inc. (d/b/a LitezAll) Resolve Patent Dispute Through Limited License Agreement

DURHAM, N.C.--(BUSINESS WIRE)--Aug 31, 2026--

Cree LED ®, a Penguin Solutions brand (Nasdaq: PENG ), and Promier Products, Inc. today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED’s patents related to LED components used in portable lighting products. As part of the settlement, Cree LED has granted Promier Products a limited license to certain Cree LED patents covering LED components.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260831242793/en/

Cree LED has established itself as a trusted brand in portable lighting applications, known for consistently high performance and reliable product quality. Cree LED is firmly committed to protecting its intellectual property and actively monitors the entire value chain of the global market to identify and address unauthorized use of its patented technologies. This vigilance ensures that Cree LED’s innovations remain protected and that customers can rely on the integrity and performance of the company’s industry-leading solutions.

Cree LED is a registered trademark of CreeLED, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

About Cree LED

Cree LED, a Penguin Solutions brand, offers one of the industry’s broadest portfolios of application optimized LED chips and components, leading the industry in performance and reliability. With more than 35 years of innovation, our strong IP portfolio and unique business model are designed to support supply chain continuity. We deliver best-in-class technology and breakthrough solutions for focused applications in high power and mid-power general lighting, portable lighting, horticulture, specialty lighting and video screens. For more information, visit cree-led.com.

Cree LED is firmly committed to protecting its intellectual property.

MIAMI (AP) — The National Hurricane Center posted a tropical storm warning on Monday for the Gulf of Mexico coast near the Texas-Louisiana state line.

As of late Monday morning, the potential tropical cyclone was centered about 130 miles (210 kilometers) south of Morgan City, Louisiana, with maximum sustained winds of 35 mph (55 kph). It was forecast to strengthen into a named tropical storm by Monday night.

In the Pacific Ocean, Tropical Storm Lowell was about 785 miles (1,260 kilometers) southeast of Hilo, Hawaii, and moving west with maximum sustained winds of 65 mph (100 kph). Forecasters said Lowell could rapidly intensify as a hurricane by Monday night or Tuesday and reach the vicinity of the Hawaiian Islands later this week.

Elsewhere in the Pacific, Hurricane Karina strengthened Monday into a powerful Category 4 storm, but isn't threatening land, forecasters said.

Karina has intensified quickly since becoming a hurricane Sunday, fueled by warm waters far from any shore. It was centered about 1,055 miles (1,700 kilometers) west-southwest of the southern tip of the Baja California peninsula of Mexico and moving west, with maximum sustained winds of 140 mph (220 kph), the center said.

There were no coastal watches or warnings in effect, but waves were expected to affect Mexico and likely Southern California. Additional strengthening was possible on Monday, followed by fluctuations in intensity, the Miami-based center said.

This satellite image released by NOAA shows Potential Tropical Cyclone Five forming over the Gulf of Mexico on Monday, Aug. 31, 2026. (NOAA via AP)

This satellite image released by NOAA shows Tropical Storm Lowell over the Pacific Ocean, Monday, Aug. 31, 2026. (NOAA via AP)

This satellite image released by NOAA shows Hurricane Karina strengthening off the southern tip of Baja California on Sunday, Aug. 30, 2026. (NOAA via AP)