Date Announced: 16 Jun 2009 Future applications include active packaging and labels, electronic toys and games as well as point-of-sale signageLeverkusen/Scotts Valley - Bayer MaterialScience AG signed a technology and patent license agreement with Add-Vision Inc., a Delaware corporation based in Scotts Valley, California. The agreement grants Bayer MaterialScience and its affiliates certain rights to manufacture and sell flexible polymer organic light-emitting diode (P-OLED) displays using Add-Vision’s technology and intellectual property (IP) portfolio. The printable P-OLED lighting technology is an important component for many applications in the coming years - such as active packaging and labels, gift cards, electronic toys and games, promotional products or point-of-sale signage. Financial details have not been disclosed.Dr. Karsten Dierksen, Vice President and head of the Functional Films Polymer Electronics Unit at Bayer MaterialScience, commented: "We are pleased to add this promising technology to our Functional Films portfolio. It’s a great fit as it perfectly complements our Electroluminescence (EL) technology."Matt Wilkinson, Add-Vision’s CEO added: "This important agreement with Bayer MaterialScience is the starting point for a strong relationship. Our partner’s commitment to film based technologies and products, combined with the print based manufacturing expertise of its Functional Films Unit, makes this an ideal collaboration."About Bayer MaterialScienceWith 2008 sales of 9.7 billion euros, Bayer MaterialScience is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2008, Bayer MaterialScience had 30 production sites and employed approximately 15,100 people around the globe. Bayer MaterialScience is a Bayer Group company.About Add-Vision Inc.Add-Vision Inc. is a pioneer in the development of flexible polymer organic light-emitting diode (POLED) display technology for low-resolution displays and specialty lighting applications. Add-Vision is headquartered in Scotts Valley California (USA). More information on Add-Vision, Inc. can be found at http://www.add-vision.com.
Contact
Bayer MaterialScience Bill Allan Phone: 412-777-5200
E-mail:[email protected]
Web Site:www.bayermaterialscience.com
