Lumiotec and Universal Display strike OLED technology license agreement
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 December 31, 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 aims to establish mass production capability of high luminance, long lifetime, and high-efficiency OLED lighting panels. The company will start to deliver in February 2012 mainly 145x145mm square sized, warm white color, and 40 lm/W OLED lighting sample panels and in April mass production models. Natural white color OLED lighting panels are under development for future release.
Visit Lumiotec at www.lumiotec.com
Visit Universal Display at www.universaldisplay.com
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