LG display and Kodak sign OLED cross licensing agreement

In March 15, 2008, LG announced that it had signed a licensing agreement with Kodak on OLED and related TFT technologies. The two companies will build a stronger win-win cooperation to enhance the competitiveness of both sides in the OLED. Under the agreement, Kodak holds OLED patented technology that allows LG monitors to purchase Kodak proprietary OLED materials, and uses Kodak's processing technology, which will strengthen its OLED research, product development and manufacturing. On the other hand, LG display control of the core technology of TFT, Kodak in the field of technology related to the TFT OLED grassroots access to its technical support, thereby strengthening the development of OLED. The two companies will in 2006 after the end of the evaluation protocol, continue to seek cooperation. This cross licensing agreement is expected to further consolidate their partnership through the collaboration of the world-class TFT technology of the LG monitor and the Kodak OLED patent technology. In addition, the LG display will provide Kaga electronics and Kodak joint development of 3 inch panel. According to market research firm DisplaySearch research results show that the world's OLED market is expected to grow rapidly, is expected to grow from 560 million in 2007 to $3 billion 900 million in 2011. LG display has been widely recognized in the next generation of display technology, following the development of the 20.1 inch wide screen AMOLED TV in 2004, the company followed by the development of the world's first in 2007, the first 4 inches flexible ALOLED.

Source: China projection network