Eastman Kodak Co. announced on March 14 an intellectual property cross-licensing agreement for with LG Display Co., Ltd. for the usage of Kodaks organic-light-emitting-diode (OLED) technology.

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 also enables LG Display to purchase Kodaks patented OLED materials for use in manufacturing displays. Financial terms of the agreement were not disclosed.

"We are pleased with the opportunity to expand our relationship with LG Display beyond the Joint Evaluation Agreement we announced in February 2006," said Mary Jane Hellyar, President, Kodak Display Business, and Executive Vice President, Eastman Kodak Co. "As we said during our recent investor meeting, OLED is an important technology that will help fuel Kodaks future growth. Our goal is to see AMOLED panels that have been co-developed continue to appear in the industry during 2008."

"AMOLED is the newest generation of display technology and will compete in the full spectrum of size ranges," said Andrew Sculley, General Manager and Vice President, Kodaks Display Business. "AMOLED technology offers superior product performance, and ultimately low-cost manufacturing advantages. Were proud and pleased that LG Display has chosen to incorporate our OLED technology to power a variety of innovative new consumer display products."