Vitex Systems Signs Licensing Agreement with Sunic System

Vitex Systems, Inc. a leading technology developer, licensor and engineering service provider for thin-film encapsulation and moisture barrier films, has announced that it has signed a licensing agreement with Sunic System Inc. of Korea, reports oled.info.  The agreement includes a technology transfer package from Vitex to Sunic, and gives Sunic the non-exclusive rights to make and sell Guardian(TM) thin-film encapsulation systems, which can be used to encapsulate various electronic components and devices, including organic light emitting diode (OLED) displays, thin film solar cells and thin film batteries.  While the financial terms of agreement were not disclosed, the license includes an upfront fee and on-going royalty payments based on tool sales.