Herndon, VA (PRWEB) May 14, 2013
Global OLED Technology LLC (“GOT”) and LG Display Co. Ltd. (“LGD”) have signed a patent licensing agreement that gives LGD access to GOT’s patent portfolio, including intellectual property related to Active Matrix Organic Light Emitting Diode (“AMOLED”) display technology.
GOT will collect royalties under the license agreement, but other terms were not disclosed.
“This agreement with LGD is an important development that reinforces the strength of our patent portfolio,” said Daniel Carlineo, Esq., President and CEO of GOT. “In the past year, GOT has taken the right steps to become an influential player in the OLED industry. We’re confident this license with LGD will lead to additional licenses with display manufacturers.”
AMOLED technology includes a light-emitting diode structure with an electroluminescent layer – organic, carbon-based compounds that emit light when an electric current passes through the OLED. A thin-film transistor (TFT) backplane switches each specific pixel on and off. Compared to LCDs, this configuration enables thinner and lighter form factors, deeper blacks, higher contrast ratio, and superior color reproduction.
About Global OLED Technology LLC
GOT (http://www.globaloledtech.com) is a leading owner and licensor of a portfolio containing over 2,400 OLED patents and patent applications worldwide. The technologies claimed in those patents have many applications in the display and lighting industries. GOT’s patent portfolio encompasses a heritage of innovation that began in the early 1980s when pioneering OLED intellectual property was created at Eastman Kodak Company’s research and development labs.
For more information, contact:
Benjamin E. Fuller, Esq.