Kodak announced an intellectual property cross-licensing agreement with LG Display Co., Ltd., of Korea. The license, which is royalty bearing to Kodak, enables LG Display to use Kodak technology, including yield-improving capabilities for Active Matrix OLED (AMOLED) modules, in a variety of small to medium size display applications such as mobile phones, portable media players, picture frames, and small TVs. The agreement plus enables LG Display to purchase Kodak’s patented

OLED materials for use in manufacturing displays. Financial terms of the agreement were not disclosed.

Pioneered by Kodak in the late 1980s, OLED technology and its practical applications have generated more than 1,900 Kodak patents and patent applications worldwide. Benefits by conventional technologies include higher contrast, fast response instance that can deliver blur free video motion, industry-leading (180 degree) viewing angle, thinner design for better ergonomics, and potentially lower unit cost of manufacturing