Herndon, VA (PRWEB) January 13, 2014
Global OLED Technology LLC (“GOT”) has filed a complaint in the Supreme Court of the State of New York (Index No. 2014-172) against eMagin Corporation (“eMagin”). eMagin has been a licensee of GOT’s formidable patent portfolio since 1999.
According to the allegations in the complaint, eMagin breached its patent license agreement with GOT by failing to pay annual minimum royalty payments, neglecting to report or pay royalties for the sales of licensed products, and breaching certain confidentiality obligations.
“We spent a long time trying to amicably resolve this dispute with eMagin but our efforts were unsuccessful. A patent license agreement is a contract binding both parties to certain obligations and GOT alleges that eMagin has not fulfilled its obligation,” said Daniel S. Carlineo, Esq., President and Chief Executive Officer of GOT. “This action reinforces our commitment to aggressively defend GOT’s rights and patent portfolio.”
GOT is represented by attorneys from the New York and Dallas offices of McKool Smith, P.C.
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.