Seoul Semiconductor Enters Into a Cross-License Agreement with Philips

Lately, Seoul Semiconductor and Royal Philips Electronics have agreed to enter into a cross-license agreement covering patents relating to specific LED technology areas.

According to the arrangement, each party gains access to a substantial part of the other party's patent portfolios for various LED level technologies.

“We are very excited about our Acrich family of products and especially Acrich2, which was introduced in October 2011. Acrich2 eliminates many of the technical barriers associated with traditional high-voltage and AC-driven LED solutions”

“As cross-license agreement details are usually kept confidential, we have agreed not to disclose any of the terms,” says John Bae, vice-president of Seoul Semiconductor. “We will continue to focus our attention towards innovative LED technology and driving adoption through quality and value.”

Seoul Semiconductor anticipates expanding its flexibility by entering into this cross-license agreement with Philips.

 

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