Tuesday, September 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
webOS Is Still Alive With LuneOS ROM Release for Android, webOS Devices
AMD Launches AMD Radeon R9 285 Graphics, "Never Settle: Space Edition" Game Bundle
AMD Introduces New 8-core FX-series Processors
New Philips Hue Beyond Combines Functionality And Ambient Lighting for Home
LG and Samsung Add Swarovski Crystals on Their Products
Pioneer DDJ-WeGO3 Allows You To Mix Tracks from Spotify or iTunes
Apple's iCloud Could Have Allowed Celebrity Nude-Photo Leak
Google To Launch New Budget Phone In India
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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.


Previous
Next
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 Display Opens LCD Panel Plant in China
Samsung, LG Introduce New Smartwatches
LG G3 Stylus Debuts At IFA
LG Unveils New OLED TVs Worldwide
LG Teases With Round G Watch
LG Delivers New Bluetooth Minibeam Projector, More L Series Smartphones
LG's Flowing Sound Audio Wireless Solution Coming At IFA
LG G3 UX To Become Standard In Across LG's Mid- to Entry-level Devices
LG To Unveil Curved IPS Monitor At IFA 2014
LG G Watch 2 Coming At IFA
LG Begins Shipping LTE Version Of G PAD 8.0
LG Brings In The U.S. An OLED TV That You Might Buy Easier

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .