Seoul Semiconductor and OSRAM Sign Agreement
Seoul Semiconductor ("Seoul Semiconductor Co. Ltd.") [Stock Listing No.: KOSDAQ 046890], the world's top eight light-emitting diode (LED) environmental lighting technology manufacturers announced a "white light" and "visible" with OSRAM GmbH "LED" Reciprocal Sharing License Agreement. OSRAM Opto Semiconductors, a wholly-owned subsidiary of OSRAM GmbH, also benefits from this agreement. OSRAM Opto Semiconductors is one of the world's leading LED manufacturers and is headquartered in Regensburg, Germany.
The scope of the “Reciprocal Sharing License Agreement†covers the “white light†and packaging patent rights of the two companies, and the patent rights are related to “white light†and “visible†LED environmental lighting technology. Under the agreement, Seoul Semiconductor and OSRAM GmbH will work together to form strategic partners and leverage each other's strengths to strengthen their capabilities. Seoul Semiconductor Chief Executive Li Yixun said: "This is a reciprocal sharing agreement that lays a good foundation for our closer cooperation in the future.
According to the agreement, the two parties can not only raise objections to the patent rights of the other parties' "white light" and "visible" LED environmental protection lighting technologies, but also work together to jointly safeguard these mutually beneficial patent rights. In addition, the agreement will help Seoul Semiconductor to further establish its global leadership in the high-brightness and energy-efficient LED environmental lighting technology market.
Media Visits Han Liangxi, Vice President of Semiconductor Sales and Marketing Promotion in Seoul
* Does Seoul Optodevice benefit from this agreement?
Seoul Optodevice is a wholly-owned subsidiary of Seoul Semiconductor and will therefore also benefit from the “White Light†and “visible†LED Reciprocal Sharing License Agreement.
* How is the progress of the litigation in Nichia in the US?
The lawsuit of Nichia Company by Bingham McCutchen LLP Law Firm of the United States has announced on its website that Seoul Semiconductor has achieved the first time. Seoul Semiconductor has been urging the letter to be the last one.
* In addition to the agreement with OSRAM GmbH, how is your progress with other global strategic partnerships?
We have signed an agreement with Cree of the United States and have established a strategic partnership with Japan's Toyoda Gosei. We are now signing an agreement with OSRAM GmbH to strengthen the leadership of Seoul Semiconductor.
*Can you share more details about this reciprocal sharing license agreement?
Since we are signing an agreement that cannot be made public, we can't further clarify the details. The most important aspect of this agreement is that we can build closer partnerships and work together to cope with patent disputes arising from third parties.
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