DuPont Sells its Soluble Organic Light Emitting Diode (OLED) Technology and Associated Assets to LG Chem
DuPont Electronics & Imaging confirmed today it has completed the sale of its soluble organic light emitting diode (OLED) technology and associated assets to LG Chem, Ltd.
Assets included in the sale are intellectual property related to DuPont’s soluble OLED technology, and certain equipment for the production of soluble OLED materials and devices. The sale did not include assets or business associated with DowDuPont’s existing evaporative OLED business.
DuPont and LG Chem also have agreed to work together during an extended period of technology transfer to assure a smooth transition and ensure needs are met for ongoing development and customer engagements. Financial details were not disclosed.