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.
Dr. Karsten Dierksen, Vice President and head of the Functional Films Polymer Electronics Unit at Bayer MaterialScience, commented: “We are pleased to add this promising technology to our Functional Films portfolio. It’s a great fit as it perfectly complements our Electroluminescence (EL) technology.”
Matt Wilkinson, Add-Vision’s CEO added: “This important agreement with Bayer MaterialScience is the starting point for a strong relationship. Our partner’s commitment to film based technologies and products, combined with the print based manufacturing expertise of its Functional Films Unit, makes this an ideal collaboration.”