Harvatek Statement on Patent Litigation Filed by U.S.-Based LED Manufacturer Cree
Harvatek Corporation (6168) announced that Cree Inc., an LED manufacturer headquartered in North America, filed a legal action to enforce six of its patents in the United States District Court for the Western District of Wisconsin on September 15, 2014. Although Harvatek has not yet received an official copy of the complaint, the company has been informed of the dispute and is preparing appropriate response measures. Considering that most of Harvatek’s products are sold in Asia, the case is not expected to have any significant impact on its business operations or financial condition.
Harvatek Statement
Harvatek declares that it respects others’ intellectual property rights and has no intention of engaging in any form of malicious patent infringement.
Business Relationship with Cree
Cree is one of Harvatek’s suppliers, from which Harvatek has purchased components valued at hundreds of millions of New Taiwan Dollars. Since 2013, Harvatek has proactively proposed further business cooperation initiatives aimed at enhancing Cree’s product competitiveness and achieving a win-win partnership. Harvatek is astonished and regretful that Cree has initiated a patent dispute against its customer and business partner.
Harvatek’s Patent and Technical Strength
Harvatek has long been devoted to the research, design, manufacturing, and testing of SMD LED packaging. Its SMD LED products, featuring compact size, low power consumption, long lifespan, and excellent compressive strength, have been highly recognized by the market. These technological achievements have resulted in more than 200 patents worldwide, including nearly 100 U.S. patents, reflecting Harvatek’s substantial investment and comprehensive strategy in building a strong patent portfolio.
Company Response
Harvatek will respond actively and prudently to safeguard its legitimate rights and interests, ensuring that the litigation will not adversely affect the interests of its shareholders and customers.