Bayer MaterialScience and Add-Vision sign license agreement on polymeric OLEDs

17-Jun-09

Bayer MaterialScience AG signed a technology and patent license agreement with Add-Vision Inc., a Delaware corporation based in Scotts Valley, California. The agreement grants Bayer MaterialScience and its affiliates certain rights to manufacture and sell flexible polymer organic light-emitting diode (P-OLED) displays using Add-Vision's technology and intellectual property (IP) portfolio. The printable P-OLED lighting technology is an important component for many applications in the coming years - such as active packaging and labels, gift cards, electronic toys and games, promotional products or point-of-sale signage. Financial details have not been disclosed. Add-Vision Inc. is a pioneer in the development of flexible polymer organic light-emitting diode (POLED) display technology for low-resolution displays and specialty lighting applications.