Fujifilm Corp. said yesterday (7.24) that it has sold more than 1,200 patents related to organic light-emitting diodes (
OLEDs ) to US lighting equipment manufacturer Universal Display Corp (UDC), including some Waiting for approved patents.
Fujifilm Corp. is a subsidiary of Fujifilm Holdings Corp. The value of the patent sale was $105 million (about 8.2 billion yen).
UDC is headquartered in New Jersey, USA, and the company already has a number of basic OLED technology patents. Fuji said that the sale of these patents will give the company funds to develop relevant materials.
Selling patents is the first step in establishing a partnership between Fuji and UDC. Fuji hopes to cooperate with UDC on R&D and other matters.
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