Tuesday, October 25, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Seagate 6th Generation High-Speed Enterprise Performance HDD
Google Pixel XL Manufacturing Cost is in Line with Rival Smartphones
Intel introduces Atom E3900 processors For IoT
HTC Losses Deepen
BlackBerry Announces DTEK60, Latest Android Device With BlackBerry's Security Software
Emporio Armani Launches A Hybrid Smartwatch
Toshiba's Voice Recognition Technology Can Distinguish Multiple Individual Speakers Without Training
Alexa Skill To Lets You Control Your Harmony Hub-based Universal Remotes
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Kodak t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, December 04, 2009
Kodak to Sell OLED Display Business to LG

Eastman 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.

Yahoo and Microsoft Finalize Search Agreement        All News        GIGABYTE USB 3.0 Motherboard Passes Windows 7 Logo Testing
Yahoo and Microsoft Finalize Search Agreement     General Computing News      Microsoft to Patch Zero-day Vulnerabilities of IE6

Get RSS feed Easy Print E-Mail this Message

Related News
LG's Next Flagship G6 Smartphone Won't be Modular
Kodak Releases The KODAKEKTRA Smartphone Camera Hybrid
LG launches 38-inch 21:9 Ratio Monitor
LG Electronics 3Q profit Down As Mobile Worries Continue
LG and Samsung Replacing LCD with OLED Amid Competition From Chinese LCD Makers
LG Curved OLEDs Not Ready For The G6 Smartphone: report
Foxconn's Sharp to Invest $570 Million on Flexible OLED Panel Production
ALD Technology Chosen By Samsung, LG For Flexible OLEDs
LG's New X Power Phone Coming At Boost Mobile, Sprint
LG's 77-inch 'LG Signature' OLED TV Available For $20K
LG V20 Smartphone Is Coming With Android Nougat, Dual Screens, Wide Angle Cameras
LG Electronics to Release Quantum Dot TVs Next Year

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .