Kodak to Sell OLED Display Business to LG

Kodak logoEastman Kodak Company announced today that it will sell all the assets associated with its OLED business to a group of LG companies. The company has also has into a technology cross-license agreement with LG Electronics, Inc., which will allow each company broad access to the other?s patent portfolio.

Kodak's move to sell its OLED business is expected to tighten Kodak?s investment focus and strengthen its financial position. Financial details were not disclosed.

Kodak has been a pioneer in developing technology associated with OLED displays. In the 1970s, Kodak scientists developed the world's first viable OLED material.

Kodak will have continuing access to its OLED technology for use in its products. Subject to customary closing conditions, the transaction is expected to close by the end of the year.

"As we said earlier this year, OLED is one of the businesses we wanted to reposition to maximize Kodak?s competitive advantage at the intersection of materials and imaging science," said Laura G. Quatela, Kodak?s Chief Intellectual Property Officer and manager of the company?s OLED business. "This action is consistent with that strategy. Our OLED intellectual property portfolio is fundamental; however, realizing the full value of this business would have required significant investment."

Kodak has also entered into a technology cross-license agreement with LG Electronics, Inc., which will allow each company broad access to the other?s patent portfolio.

The license agreement is royalty-bearing to Kodak. Additional financial details were not disclosed.

The agreement could pave the way for LG to advance in the development of OLED displays, competing against Sony and Samsung.

"We are pleased to have reached a mutually beneficial arrangement that advances the interests of Kodak and LG and validates the strength of Kodak?s intellectual property portfolio," said Laura G. Quatela.

The companies also agreed to conclude their patent litigation, which involved a subset of their imaging technologies. Pursuant to a settlement agreement, Kodak and LG will request that the U.S. International Trade Commission terminate the investigations initiated earlier this year following complaints filed by both companies in late 2008.

Source: CDRINFO

Tags: Kodak, LG, OLED

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Apple’s 2017 iPhone could employ the use of Samsung’s Flexible OLED Atomic Layer Deposition Technology
 
Redmond not willing to pay so much for Twitter
 
Foxconn and Pegatron will both be behind the production
 
 
New iTunes backup password verification system exists in parallel to the much stronger, older iOS 9 system
 
The companies willwork together to bring enable Lenovo customers authenticate to online FIDO-enabled services
 
ARM's new Bifrost architecture, which focuses on high-end 4K and VR experiences
 
Users complaining of poor battery life in iOS 10
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4
 
 

News Archive

 
 
SuMoTuWeThFrSa
    123
45678910
11121314151617
18192021222324
252627282930 




Poll

Do you like Windows 10?
or leave your own version in comments (32)