Eastman Kodak Company, a pioneer in organic light emitting diode technology (OLED), today announced an intellectual property cross-licensing agreement with LG Display Co., Ltd., of Korea.

The license, which is royalty bearing to Kodak, enables LG Display to use Kodak technology, including yield-improving capabilities for Active Matrix OLED (AMOLED) modules, in a variety of small to medium size display applications such as mobile phones, portable media players, picture frames, and small TVs. The agreement also enables LG Display to purchase Kodak's patented OLED materials for use in manufacturing displays. Financial terms of the agreement were not disclosed.

"AMOLED is the newest generation of display technology and will compete in the full spectrum of size ranges,” said Andrew Sculley, General Manager and Vice President, Kodak’s Display Business. “AMOLED technology offers superior product performance, and ultimately low-cost manufacturing advantages. We’re proud and pleased that LG Display has chosen to incorporate our OLED technology to power a variety of innovative new consumer display products."
More details on the Kodak display site.

LG just recentely announced a mobile phone featuring an AMOLED display. The LG-SH150A (photo ) screen is offering a crisper image and 1,000 times faster response time compared to existing TFT-LCD mobile screens.