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.
The printable polymer organic light-emitting diode (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.
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.”