Seoul Concludes a Cross License Agreement with TOE of Europe
Seoul enters into a cross license agreement with TOE Europe and its patent partners. Based on this agreement, Seoul enhances its flexibility in manufacturing LEDs.
Seoul Semiconductor Co., Ltd. ("SSC") today announced that SSC has entered into a Cross License Agreement regarding white LEDs using silicate system phosphors with TridonicAtco Optoelectronics GmbH ("TOE") and its patent partners.
Phosphors are indispensable materials to manufacture white LEDs. Especially, white LEDs incorporating silicate system phosphors are covered by a wide variety of patents and are significantly different from conventional LEDs using other phosphors.
Under the Cross License Agreement, SSC is in a very strong position to manufacture and sell its own white LEDs using silicate system phosphors as well as expand and accelerate relevant R&D activities.
Based on this agreement, SSC's white LEDs using silicate system phosphors can be covered by its patents and such license and thus SSC's customers will be able to enjoy using SSC's white LEDs.
Seoul Semiconductor, the world’s leading LED manufacturer, has been named to Forbes and Business Week’s lists as one of the most promising Asian companies. Its product, Acriche, was named as "Product of the Year", in 2006 and 2008, by Elektronik, one of the most prestigious electronics magazines in Europe. Seoul Semiconductor’s primary business areas are LED packaging and custom module manufacturing. It provides a full range of LED products including AC-driven semiconductor light source, Acriche, High-brightness Power, Side View, Top, Chip, Lamp and High Flux LEDs, and custom type modules. Applications for the company’s LED products include general lighting, signage, back lighting for mobile phones, TVs, notebook computers, automotive lighting, home appliances, signals, etc. Seoul Semiconductor reported US$290 million in sales in 2007. It has 1,443 patents and 264 licenses as of December 2007. Seoul Semiconductor has 25 branches including 3 overseas corporate offices. Its products are also represented worldwide by more than 90 distributors.
