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Updated: July 8th, 2008 05:26 PM CDT

Idemitsu and Sony to Jointly Develop Materials for OLED

via PRNewswire

In addition, the agreement will grant mutual access to both companies'individual OLED-related patents. Sony will be able to use Idemitsu's OLEDcomponent related patents, whereby Idemitsu will be able to use Sony's OLEDmaterial related patents. As a result, the joint development will beaccelerated, and Idemitsu and Sony are expected to expand their respectivematerial and component businesses smoothly.

"As a materials manufacturer, we are delighted to have a strongrelationship with Sony Corporation which positions OLED as the leadingcandidate to succeed as the next generation display" said Akihiko Tenbo,President, Idemitsu Kosan Co., Ltd. "The complementary strengths of Sony'sdisplay technologies and Idemitsu's material technologies will positivelydrive OLED development."

"We are very pleased to work on this joint development with Idemitsu,which has leading edge technology in many areas and especially in OLEDmaterial technologies," said Ryoji Chubachi, President and Electronics CEO,Sony Corporation. "Sony is positioning OLED as the most important technologyfor the next generation flat display. Thanks to the development of newsuperior luminous materials through the joint efforts of the two companies, wewill be able to accelerate the OLED development and will advance thematerialization of our OLED applied products."

SOURCE Idemitsu Kosan Co., Ltd.; Sony Corporation

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