Under the license agreement, Universal Display grants Lumiotec license rights under various patents and associated know-how owned or controlled by Universal Display for Lumiotec to manufacture and sell certain OLED products for lighting applications.
Lumiotec will be licensed to integrate Universal Display’s UniversalPHOLED phosphorescent and other OLED technologies and materials into OLED lighting products.
Lumiotec will pay Universal Display license fees and running royalties on its sales of these licensed products under the agreement.
The term of the agreement runs through 31 December 2015.
Universal Display separately agreed to sell to Lumiotec certain OLED materials for use by Lumiotec in manufacturing OLED products as authorized under the agreement.
Combining Lumiotec’s multi-photon emission device technology with UniversalPHOLED technology and materials, Lumiotec will establish mass production capability of high luminance, long lifetime, and high-efficiency OLED lighting panels.
Lumiotec will to deliver in February 2012 mainly 145 x 145 mm square sized, warm white color, and 40 lm/W OLED lighting sample panels and in April mass production models.
The company will also develop natural white color, high-efficient OLED lighting panels, aiming at the release in the same year.
Lumiotec was founded by Mitsubishi Heavy Industries, Rohm Co, Toppan Printing, and Mitsui & Co in 2008 to develop, manufacture and sell OLED lighting panels.
Universal Display is engaged in developing and delivering OLED technologies, materials and services to the display and lighting industries.
