DuPont Electronics & Imaging completed the sale of its soluble organic light emitting diode (OLED) technology and associated assets to LG Chem, Ltd.
Assets included in the sale are intellectual property related to DuPont’s soluble OLED technology, and certain equipment for the production of soluble OLED materials and devices.
The technology is viewed as the next frontier in producing video displays for TVs, vehicles and other areas at a lower cost. The sale did not include assets or business associated with DowDuPont’s older evaporative OLED business.
DuPont and LG Chem also have agreed to work together during an extended period of technology transfer to assure a smooth transition and ensure needs are met for ongoing development and customer engagements. Financial details were not disclosed, a release stated.
The DuPont unit and its parent, the DowDuPont Speciality Products Division will be spun off later this year as a separate company.
DuPont Electronics & Imaging is a global supplier of materials and technologies serving the semiconductor, advanced chip packaging, circuit board, electronic and industrial finishing, photovoltaic, display, and digital and flexographic printing industries.
More information can be found at www.dow-dupont.com.
