Global OLED Technology LLC (GOT) and LG Display (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 (AM-OLED) display technology.
GOT will collect royalties under the license agreement, but other terms of the agreement were not disclosed.
AM-OLED 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 colour reproduction.
Source: Global OLED Technology
Daniel Carlineo, President and CEO of GOT, said "This agreement with LGD is an important development that reinforces the strength of our patent portfolio." Daniel added "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."
