Samsung America to promote and license OLED technology from Vitex

Date Announced: 31 Jan 2007 -- Agreement Underscores Strength and Breadth of Vitex's New Licensing Business Model, as Well as Signals Strong Endorsement of Vitex's Technology and IP Portfolio SAN JOSE, Calif. -- Vitex Systems, Inc., a leading technology developer, licensor and development service provider for thin-film encapsulation and moisture barrier films, today announced a strategic relationship with Samsung America, Inc. Under the agreement, Samsung America will gain exclusive rights to distribute to Samsung-affiliated companies licenses for Vitex's proprietary Flexible Glass and thin-film encapsulation technologies.According to industry observers NanoMarkets, flexible and/or organic devices are forecasted to grow very rapidly to over $15 billion by 2012. As thin flexible electronic circuits, displays and photovoltaics near the production stage, Vitex's hard-earned leadership role in encapsulation of these products is growing more essential. "Samsung is one of the electronics industry's leading innovators, and Vitex has worked with various companies in the Samsung group for several years. We believe this strategic relationship will serve as a valuable model for future customer engagements, enabling us to bring our technologies to broader companies in the Samsung group," said Chyi-Shan Suen, Vitex Systems' director of sales and marketing."Thin-film hermetic barriers, a key enabler for flexible electronics, are necessary to achieve thinner and lighter products. This form factor is critical to extract maximum value from the product design. We believe that Vitex technologies will be needed by many companies in the Samsung group, as well as throughout the electronics industry, and we are glad to be able to play a role in advancing these great technologies," noted Chandler Park, senior manager with Samsung America.Vitex continues to conduct research and development in the ultra-barrier film and thin-film encapsulation fields to enhance its technology and strengthen its IP portfolio while it pursues its new business model.About Samsung America, Inc.Samsung America, Inc. (SAI) is a global trading and investment company that functions as an independent American subsidiary of the Korean conglomerate Samsung Corporation, one of the Samsung Group companies. Sharing Samsung Corp.'s international network spanning 78 offices in 43 countries, SAI is able to operate both as a major trading intermediary and as a conduit for an immense volume of information. Since its inception in 1975, SAI's philosophy of creative marketing, self-development, and entrepreneurship has enabled its remarkable growth and success as a global trading and investment company. For more information on Samsung America, visit http://www.samsungamerica.com .About Vitex SystemsVitex Systems, Inc., headquartered in San Jose, Calif., licenses a proprietary encapsulation solution/process, Barix(TM), as well as a next-generation flexible barrier substrate, that enable the cost-effective production of organic light-emitting diode (OLED) displays that are lighter in weight and thickness than any other commercially available displays. Vitex's technology can also be used to address a wider array of organic optoelectronics applications. The company was incubated at Battelle Memorial Institute, the world's largest independent private non-profit research foundation, and was spun off as an independent company in 1999. For more information on Vitex Systems, visit www.vitexsys.com.

Contact
Vitex Systems

E-mail:[email protected]

Web Site:www.vitexsys.com