toggle

AAPL Stock: 113.29 ( + 0.37 )

Printed from http://www.macnn.com

Kodak exits OLED business, cross-licenses with LG

updated 11:45 am EST, Fri December 4, 2009

Kodak hands OLED work to LG

Kodak today bowed out of making OLED displays. The optics company says it has decided to "tighten [its] investment focus" and has sold the assets behind the display technology to LG for an undisclosed amount of money. In return, the two companies have entered into a cross-licensing deal that will let either have access to each other's OLED-related patents.

The American company was the first to develop viable OLED, but it has been relatively hesitant to use it in its own products and primarily drew attention for its OLED Wireless Photo Frame last year. It's unknown what advantages LG will have as it has already been developing OLED, but acquiring the Kodak business can potentially accelerate the introduction of OLED TVs and displays for both phones and computers.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented