April 7, 2006 – Nichia Corporation announced today that it reached an agreement with Epistar Corporation to amicably settle the current IP litigations between the companies in Korea and Japan (Nichia v. E&E Japan in Tokyo District Court). Acknowledging Epistar’s promise that it will respect Nichia’s IP rights and putting an emphasis on Epistar’s merger with United Epitaxy Co., which has maintained a good business relationship with Nichia for years, Nichia decided to settle all pending IP litigations between the companies. No further details of the settlement are disclosed.