Press Releases

Global OLED Technology Settles with eMagin

(Download the Press Release paper)
May 1, 2014 (Herndon, VA) – Global OLED Technology LLC (“GOT”) has entered into a settlement agreement with eMagin Corporation (“eMagin”) in relation to a lawsuit filed in New York state court in January 2014. In its Complaint, GOT alleged that eMagin had breached its patent license agreements with GOT by failing to pay annual minimum royalty payments, neglecting to report or pay royalties for the sales of licensed products, and breaching certain confidentiality obligations.

Pursuant to the settlement, eMagin agreed to pay GOT a one-time, undisclosed settlement amount. Additionally, the parties have agreed to dismiss the lawsuit and terminate the patent license agreements that were the subject of the dispute. The balance of the terms of the settlement remain confidential. “Global OLED Technology is pleased to have resolved our dispute with eMagin,” said Daniel Carlineo, Esq., President and CEO of GOT. “This is yet another example of GOT’s commitment to aggressively defend our intellectual property rights.”

About Global OLED Technology LLC GOT (www.globaloledtech.com) is a leading owner and licensor of a portfolio containing over 2,400 OLED patents and patent applications worldwide. The technologies claimed in those patents have many applications in the display and lighting industries. GOT’s patent portfolio encompasses a heritage of innovation that began in the early 1980s when pioneering OLED intellectual property was created at Eastman Kodak Company’s research and development labs.

For more information, contact:
Benjamin E. Fuller, Esq.
contact@globaloledtech.com
(703) 870-3282

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Global OLED Technology Sues eMagin for Breach of License Agreement
The eMagin Corporation (EMAN), a leading OLED microdisplay company, was sued in NY


January 13, 2014 (Herndon, VA) – Global OLED Technology LLC (“GOT”) has filed a complaint in the Supreme Court of the State of New York against eMagin Corporation (“eMagin”). eMagin has been a licensee of GOT’s formidable patent portfolio since 1999.

According to the allegations in the complaint, eMagin breached its patent license agreement with GOT by failing to pay annual minimum royalty payments, neglecting to report or pay royalties for the sales of licensed products, and breaching certain confidentiality obligations “We spent a long time trying to amicably resolve this dispute with eMagin but our efforts were unsuccessful. A patent license agreement is a contract binding both parties to certain obligations and eMagin has not fulfilled its obligations,” said Daniel S. Carlineo, Esq., President and Chief Executive Officer of GOT. “This action reinforces our commitment to aggressively defend GOT’s rights and patent portfolio.”

GOT is represented by attorneys from the New York and Dallas offices of McKool Smith, P.C.

About Global OLED Technology LLC

GOT (www.globaloledtech.com) is a leading owner and licensor of a portfolio containing over 2,400 OLED patents and patent applications worldwide. The technologies claimed in those patents have many applications in the display and lighting industries. GOT’s patent portfolio encompasses a heritage of innovation that began in the early 1980s when pioneering OLED intellectual property was created at Eastman Kodak Company’s research and development labs.

For more information, contact:

Benjamin E. Fuller, Esq.
contact@globaloledtech.com
(703) 870-3282

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Global OLED Technology, LLC Prevails In Kodak Bankruptcy Lawsuit

The Kodak Bankruptcy Court agrees to convey patents and a license agreement to GOT.

September 17, 2013 (Herndon, VA) – The Honorable Allan L. Gropper, Bankruptcy Judge of the United States Bankruptcy Court for the Southern District of New York, has ordered Eastman Kodak Company to assign ownership of three patents and a patent license agreement to Global OLED Technology, LLC. This effectively ends the lawsuit (Case No. 1:12-bk-10202 – S.D.N.Y.) that GOT filed against Kodak in December 2012.

Pursuant to Bankruptcy Rule 9019 of the Bankruptcy Code, the Court approved a settlement between GOT and Kodak which transfers ownership of United States Patent Nos. 6,717,560, 6,892,014 and 6,999,138 to GOT. Pursuant to the Court’s Order, GOT will be assigned Kodak’s September 1995 organic light-emitting diode (OLED) patent license agreement with Pioneer Electronic Corporation, including all rights to receive royalty payments from Pioneer under the license.

“We are extremely pleased with the outcome of the lawsuit. This reinforces our commitment to aggressively defend GOT’s rights and assets in the OLED area,” said Daniel Carlineo, Esq., President and CEO of GOT. “In the past two years, GOT has taken the right steps to become an influential player in the OLED industry.”

GOT was represented by attorneys from the New York and Dallas offices of McKool Smith, P.C.

About Global OLED Technology LLC

GOT (www.globaloledtech.com) is a leading owner and licensor of a portfolio containing over 2,400 OLED patents and patent applications worldwide. The technologies claimed in those patents have many applications in the display and lighting industries. GOT’s patent portfolio encompasses a heritage of innovation that began in the early 1980s when pioneering OLED intellectual property was created at Eastman Kodak Company’s research and development labs.

For more information, contact:

Benjamin E. Fuller, Esq.
contact@globaloledtech.com
(703) 870-3282
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LG Display and Global OLED Technology Sign OLED Patent License Agreement
LG Display gains access to GOT’s vast AMOLED IP portfolio.

May 13, 2013 (Herndon, VA) – Global OLED Technology LLC (“GOT”) and LG Display Co.Ltd. (“LGD”) have signed a patent licensing agreement that gives LGD access to GOT’s patent portfolio, including intellectual property related to Active Matrix Organic Light Emitting Diode (“AMOLED”) display technology.

GOT will collect royalties under the license agreement, but other terms were not disclosed.
“This agreement with LGD is an important development that reinforces the strength of our patent portfolio,” said Daniel Carlineo, Esq., President and CEO of GOT. “In the past year, GOT has taken the right steps to become an influential player in the OLED industry. We’re confident this license with LGD will lead to additional licenses with display manufacturers.”

AMOLED technology includes a light-emitting diode structure with an electroluminescent layer – organic, carbon-based compounds that emit light when an electric current passes through the OLED. A thin-film transistor (TFT) backplane switches each specific pixel on and off. Compared to LCDs, this configuration enables thinner and lighter form factors, deeper blacks, higher contrast ratio, and superior color reproduction.

About Global OLED Technology LLC GOT
(www.globaloledtech.com) is a leading owner and licensor of a portfolio containing over 2,400 OLED patents and patent applications worldwide. The technologies claimed in those patents have many applications in the display and lighting industries. GOT’s patent portfolio encompasses a heritage of innovation that began in the early 1980s when pioneering OLED intellectual property was created at Eastman Kodak Company’s research and development labs.

For more information, contact:

Benjamin E. Fuller, Esq.
contact@globaloledtech.com
(703) 870-3282

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Kodak Sued Over Ownership Of 18 Patents

Law360, New York (December 20, 2012, 3:21 PM ET) -- Global OLED Technology LLC hit Eastman Kodak Co. with a lawsuit in New York bankruptcy court Wednesday seeking a declaratory judgment that 18 patents Kodak has laid claim to actually belong to GOT, which said it bought the patents in a 2009 deal.

GOT, an owner and licensor of a portfolio of about 2,200 organic light-emitting diode patents and patent applications, said it's seeking to establish ownership of the patents, which it acquired from Kodak in connection with the purchase of the company's OLED business.

“Kodak has disputed that the GOT patents were transferred to GOT under the governing asset purchase agreement and related documents,” the complaint said. “Accordingly, GOT brings this action to establish that these GOT patents were in fact transferred to GOT under the terms of the agreement.”

GOT also said it's seeking to recover royalty payments Kodak assigned to it under a patent license agreement with Pioneer Electronic Corp. According to the complaint, the license was supposed to have been transferred to GOT, but Kodak wasn't able to obtain consent for the transfer and so it assigned the royalties to GOT.

GOT claims it notified Kodak in December 2010 that the 18 patents at issue were left off a schedule in the asset purchase agreement, but that Kodak maintained the patents were “outside the OLED field” and thus were not transferred upon closing.

The company is seeking a declaratory judgment that the royalties and related receivables were assigned to it under the asset purchase agreement, as well as a constructive trust to ensure that the payments are transferred from Kodak to GOT.

The complaint was filed the same day Kodak announced it had sold its portfolio of digital imaging patents for $525 million, a move officials touted as key to the company's emergence from bankruptcy.

Rochester, N.Y.-based Kodak is in the process of trimming its business after the failure to sell its patents outside of bankruptcy, coupled with intense competition from new technologies, forced it to file for court protection in January.

GOT is represented by Michael R. Carney and Basil A. Umari of McKool Smith PC and general counsel Benjamin E. Fuller.
Kodak is represented in its bankruptcy by Andrew G. Dietderich, Michael H. Torkin, Alexa J. Kranzley and David R. Zylberberg of Sullivan & Cromwell LLP.

The bankruptcy is In re: Eastman Kodak Co., case number 1:12-bk-10202, in the U.S. Bankruptcy Court for the Southern District of New York. The adversary proceeding is Global OLED Technology LLC v. Eastman Kodak Co., case number 1:12-ap-02070, in the same court.
http://www.law360.com/m/articles/403411/kodak-sued-over-ownership-of-18-patents
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Global OLED Technology Wins Two Key Patent Challenges in Europe

Global OLED Technology LLC (GOT), one of the largest patent holders of Organic Light Emitting Diode (OLED) technologies in the world, recently won major victories by successfully defending oppositions from Merck KGaA to two GOT patents.

December 11, 2012 (Herndon, VA). The Opposition Division of the European Patent Office held that two GOT patents were maintained as amended following oppositions by Merck KGaA of Germany. Particularly, the Office held that Merck's arguments did not prejudice the maintenance of the patents as amended.

"The Opposition Division's decisions confirm the strength of the GOT portfolio and our broad coverage of many different technologies related to OLEDs," said Nelson Kee, Esq., Vice President and General Counsel at GOT. "The rulings were significant for GOT and demonstrates that we will aggressively defend our patent rights throughout the world."

The first opposition related to EP 1730249, which teaches the use of certain anthracenes as non-emitting hosts in the light-emitting layers of OLED devices. The second opposition related to EP 1828342, which teaches the use of hole-transporting material adjacent to the phosphorescent light emitting layer. Both of these technologies enable high efficiency and long lifetime in OLEDs for both display and lighting applications.

About Global OLED Technology LLC

GOT (www.globaloledtech.com) is a leading owner and licensor of a portfolio containing over 2,400 OLED patents and patent applications worldwide. The technology claimed in those patents has many applications in the display and lighting industries. GOT's patent portfolio encompasses a heritage of innovation that began in the early 1980s when pioneering OLED intellectual property was created and incubated within Eastman Kodak Company's research and development labs.

For more information, contact:

Benjamin E. Fuller, Esq.
contact@globaloledtech.com
(703) 870-3282
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SUBJECT: GOT Revamps Management Team (Herndon, VA)

May 23, 2012, By Global OLED Technology

Global OLED Technology LLC ("GOT") has announced the hiring of a new management team to lead its efforts to fully monetize its OLED patent portfolio. The new additions are:

Daniel S. Carlineo, Esq. (President and Chief Executive Officer)
Nelson M. Kee, Esq. (VP and General Counsel)
Benjamin E. Fuller, Esq. (IP Counsel and Deputy General Counsel)
Juan Gisone (Director of IP Monetization)
Michael A. Plotnick (Senior Patent Analyst)
Rajeev Rohatgi, PhD. (Senior Patent Analyst)

The team brings decades of IP legal and technical experience from entities such Howrey LLP, Morgan Lewis LLP, Technology Patents & Licensing, Inc., Thinkfire, Bell Laboratories, RCA Laboratories, Hitachi, Stanford Research Systems, and Lawrence Livermore National Laboratory. "It is exciting to bring together a highly skilled collection of IP professionals who can comprehensively cover the full scope of a patent monetization program – from inventing, prosecution, and acquiring new IP assets to licensing and litigation," said Mr. Carlineo, the new CEO. "Having worked with each of these individuals over the years, I am confident that GOT has turned a page and that like the OLED market in general, GOT's future is bright."

In 2009, Global OLED Technology LLC (GOT) acquired substantially all of the assets of the OLED business owned and incubated by Eastman Kodak Company beginning in the late 1970s. GOT continues to invest in fully developing the rich patent portfolio in the OLED technology and is committed to the continued development of the OLED technology industry through the licensing
of its patent portfolio. With over 1000 granted patents worldwide, GOT's patent portfolio is available for licensing in OLED display and lighting technology applications.

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Subject : Global OLED Technology LLC (GOT) signs Patent License Agreement with OLEDWorks LLC(OLEDWorks).

December 6, 2011, By Global OLED Technology

Global OLED Technology LLC (GOT), signed a patent license agreement with OLEDWorks.  Under the terms of the royalty-bearing license, OLEDWorks is granted the right to use certain GOT patents in connection with OLEDWorks’ commercialization of specified OLED lighting-related products.

In 2009, Global OLED Technology LLC (GOT) acquired substantially all of the assets of the OLED business owned and incubated by Eastman Kodak Company beginning in the late 1970’s.  GOT continues to invest in fully developing the rich patent portfolio in the OLED technology and is committed to the continued development of the OLED technology industry through the licensing
of its patent portfolio.  With over 1000 granted patents worldwide, GOT’s patent portfolio is available for licensing in OLED display and lighting technology applications.

13921 Park Center Road, Suite 380. Herndon, VA 20171 Tel. (703) 870-3282 email: contact@globalOLEDtech.com
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