Seoul Semiconductor and Philips enter into a cross-license agreement

Nov. 30, 2011
Date Announced: 30 Nov 2011 Today, Seoul Semiconductor Co., Ltd. (KOSDAQ: 046890) announced that they and Royal Philips Electronics have agreed to settle their pending legal cases and to enter into a cross-license agreement covering patents relating to specific LED technology areas. Under this arrangement, each party gains access to a substantial part of the other party's patent portfolios for various LED level technologies.“As cross-license agreement details are usually kept confidential, we have agreed not to disclose any of the terms,” says John Bae, vice-president of Seoul Semiconductor. “We will continue to focus our attention towards innovative LED technology and driving adoption through quality and value.” By entering into this cross-license agreement with Philips, Seoul Semiconductor anticipates expanding its flexibility.Separately, Seoul Semiconductor has recently introduced Acrich2, the latest versions of its highly successful AC-driven Acriche family. “We are very excited about our Acriche family of products and especially Acrich2, which was introduced in October 2011. Acrich2 eliminates many of the technical barriers associated with traditional high-voltage and AC-driven LED solutions,” says John Bae.Seoul Semiconductor also holds patent agreements regarding LED technology with many leading LED manufacturers.

Irene Jellissen Marketing Manager Europe

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