Seoul Semiconductor Enters Into a Cross-License Agreement with Philips

Lately, Seoul Semiconductor and Royal Philips Electronics have agreed to enter into a cross-license agreement covering patents relating to specific LED technology areas.

According to the arrangement, each party gains access to a substantial part of the other party's patent portfolios for various LED level technologies.

“We are very excited about our Acrich family of products and especially Acrich2, which was introduced in October 2011. Acrich2 eliminates many of the technical barriers associated with traditional high-voltage and AC-driven LED solutions”

“As cross-license agreement details are usually kept confidential, we have agreed not to disclose any of the terms,” says John Bae, vice-president of Seoul Semiconductor. “We will continue to focus our attention towards innovative LED technology and driving adoption through quality and value.”

Seoul Semiconductor anticipates expanding its flexibility by entering into this cross-license agreement with Philips.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.