Global OLED Technology LLC develops and administers intellectual property purchased by Korea's LG Group from the Eastman Kodak Company for US$100 million [1] in December 2009. [2] Comprising some 2,200 patents, [3] its portfolio of technologies arises from Kodak's research into organic light emitting diodes which stretches back to the 1970s [4] or early 1980s. [5]
In June 2010 the Idemitsu Kosan Co., Ltd., a petrochemical company based in Tokyo, Japan, acquired a 32.73% stake in Global OLED Technology for several billion yen. [6] LG Display had an existing relationship with Idemitsu's Electronic Materials Department, having secured a strategic supply of high-performance OLED material through a 24 June 2009 memorandum of understanding. [7]
The balance of the company is held by three subsidiaries of LG Corp [8]
Companies licensing Kodak-developed technologies include [9]
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