The license, which is royalty bearing to Kodak, enables CMEL to use Kodak technology for active matrix OLED modules in a variety of small to medium size display applications such as mobile phones, digital cameras and portable media players.
Using its own mature product development capabilities and advanced OLED process technology, as well as leveraging the unique strengths of its parent CMO, CMEL is able to efficiently mass produce state-of-the-art OLED products for a wide range of applications.
CMEL is currently focused on producing small and medium-sized OLED panel applications.
Financial terms of the agreement have not been disclosed, however, as is customary with these agreements, Universal Display will recognize commercial chemical sales and license fee revenues from its supply of this material to CMEL.
As one of the leaders in the development and commercialization of active-matrix OLEDs, CMEL is an important player in this rapidly-growing market.