Seoul Semiconductor LED patent deal for automotive boost
Seoul Semiconductor has licensed LED patents from GE Licensing, Current Lighting Solutions and Savant Systems covering potassium fluorosilicate (PFS) phosphors.
The Seoul Semiconductor PSF patent deal covers all application fields widely licensed by the LED industry but especially automotive lighting.
The deal sees Seoul Semiconductor emerge as the unique beneficiary of GEL’s PFS patent portfolio for all applications, such as display, lighting, and automotive, among others. The impact of this agreement in the emerging electric vehicle sector is anticipated to be especially critical, where the parties anticipate the benefits of in-vehicle displays and lighting containing PFS to significantly reduce power consumption.
“We are pleased to welcome SSC back to the ranks of our PFS licensees, so that we can both focus on innovating and creating LED products that are critical to the world,” said Patrick Patnode, President of GE Licensing.
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“Seoul Semiconductor, as a company that respects intellectual property rights, values the patent portfolios of GE Licensing, Current Lighting and Savant,” said Chung H. Lee, founder of Seoul Semiconductor and Seoul VioSys.
“The rights granted today in this license agreement further strengthens Seoul Semiconductor’s 2nd Generation Patent Portfolio of 18,000 patents and significantly enhances our ability to move products to the market.”
Seoul Semiconductor is the world’s second-largest global LED manufacturer and has faced a number of patent challenges over LED technologies in recent year.
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