News: LEDs
16 October 2023
GE Licensing, Current Lighting, Savant and Seoul Semiconductor enter into patent license agreement
GE Licensing (GEL), Current Lighting Solutions LLC, Savant Systems Inc and South Korean LED maker Seoul Semiconductor Co Ltd (SSC) have entered into a patent license whereby SSC has acquired a license to a PFS (also known as KSF) patent portfolio for all application fields widely licensed by the LED industry.
Seoul Semiconductor says that, due to this collaborative agreement, it has emerged as the unique beneficiary of GEL’s PFS patent portfolio for all applications, such as display, lighting and automotive. The impact of this agreement in the emerging electric vehicle sector should be especially critical, where the parties expect 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,” says GE Licensing’s president Patrick Patnode.
“Seoul Semiconductor, as a company that respects intellectual property rights, values the patent portfolios of GE Licensing, Current Lighting and Savant,” says Chung H. Lee, founder of Seoul Semiconductor and Seoul VioSys. “The rights granted today in this license agreement further strengthens Seoul Semiconductor’s second-generation patent portfolio of 18,000 patents and significantly enhances our ability to move products to the market,” he adds.
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