|Vienna Music Festival 1|
The agreement allows Martin Professional and its affiliated companies to manufacture, market and sell the Martin LC Series of LED video screens worldwide. It will also allow Martin to apply its market expertise and worldwide distribution reach to the market opportunity for LED video screens.
Martin's product was launched at last year's PLASA, and the similarities with G-LEC's product range were plain to see (see Martin light curtain).
|Vienna Music Festival 2|
The agreement also includes the setting up of a technology cooperation regarding the development of successors to the licensed products.
Lars Wolf, Managing Director at G-LEC, described the agreement as "an important acknowledgement of our patent portfolio for transparent LED graphic displays. G-LEC offers a wide range of products to suit very large scale LED video displays and our products department continues to develop custom installations for fixed markets."
|Vienna Music Festival 3|
Lars Dige, chief financial officer at Martin Professional A/S, said the agreement "represents our entrance into the potentially huge market for transparent LED video screens and allows us to now market our LC Series aggressively. It is our intention to expand upon this cooperation and further develop opportunities for LED video screens."