Universal Display Corp. and Sumitomo Chemical have announced the signing of a new OLED Technology License Agreement. Under the agreement, Universal Display has granted Sumitomo Chemical non-exclusive license rights, under various patents owned or controlled by Universal Display, to manufacture and sell solution-processed organic light emitting diode (OLED) lighting products. The agreement runs for the life of Universal Display's relevant intellectual property rights.
[Editor's note: Sumitomo appears to be stepping up its interest in commercialising polymer OLED technology for both OLED displays and now OLEd lighting lighting - also see recent announcement Kateeva and Sumitomo announce partnership to speed adoption of inkjet RGB OLED TVs]
Steven V. Abramson, President and Chief Executive Officer of Universal Display said, "Our proprietary UniversalPHOLED technology offers up to four times the efficiency of conventional OLED technology, a critical component for high-performing, energy-efficient solid-state lighting (SSL)." Steven added, "We are pleased to enter into this license agreement with Sumitomo Chemical, one of the early OLED developers, as the company broadens into the growing SSL market."
Toshihisa Deguchi, director & senior managing executive officer of Sumitomo Chemical who also serves as the head of polymer OLED business planning, said, "Leveraging the licensed technology, we will increase the luminous efficacy of our polymer OLED lighting panels." Toshihisa added, "We will explore business opportunities in lighting applications that take our printed polymer OLED technology to the next generation lighting."
