The Sony announcement was a pretty big deal. There don't seem to be too many shares floating around, and there's a significant short position. Just hoping for a gap up in the event of a squeeze. In the meantime -
April 20, 2001--Luxell Technologies Inc. (Luxell) (CDNX:LUX - news) and Universal Display Corporation (UDC) (NASDAQ:PANL - news) today announced that they have concluded a technology development and cross-licensing agreement. UDC and Luxell will work together to combine UDC's Transparent Organic Light-Emitting Device (TOLED(TM)) technology with Luxell's Black Layer(TM) to create a new high-contrast, high-efficiency Black Layer(TM) organic electroluminescent (OLED) display.
Under the terms of the agreement, Luxell has obtained a royalty-bearing license to UDC's TOLED(TM) technology and high efficiency materials for their manufacturing, marketing and sales of Black Layer(TM) TOLED displays. UDC will be the licensor of the combined Black Layer(TM) TOLED technology, and the parties will share in the revenues from such licensing activities.
Luxell's technology solutions include the Company's patented Black Layer(TM) which delivers industry-leading performance features including highest contrast, best image, lower cost, lower power consumption, longer life, less mass and a thinner display. The Black Layer(TM) technology is suitable for every type of OLED display.
``This is an important relationship for Luxell as UDC is recognized as a significant, technology-rich OLED industry player,'' stated Luxell's President and C.E.O. Brian Kennedy. Mr. Kennedy added ``This agreement further advances our strategy to work with key developers in the Company's pursuit of establishing Black Layer(TM) technology as a standard in the OLED industry.''
``We are excited to finalize our agreements with Luxell to combine their high contrast Black Layer(TM)with our OLED technology for the growing flat panel display industry,'' stated Steven V. Abramson, President & C.O.O., UDC. Mr. Abramson added ``Luxell has a strong market position for high-quality, high-contrast electroluminescent displays and is well positioned to participate in the emerging OLED industry.'' ... |
