SEOUL, KOREA (August 31, 2007) - Seoul Semiconductor (KOSDAQ; 046890), the eighth-largest LED manufacturer in the world, announced today that it has signed a patent cross-license agreement with OSRAM GmbH, a leading LED manufacturer based in Munich, Germany. Under this agreement, Seoul Semiconductor and OSRAM including its wholly-owned subsidiary OSRAM Opto Semiconductors of Regensburg, Germany, will share their patents pertaining to white and visible LED technologies.
The scope of cross-licensing agreement refers to white and housing patents related to white and visible LED technologies. Under this mutually-beneficial agreement, both companies will collaborate and build on each others strengths as strategic partners. "This paves the way for closer cooperation between both companies," said Chung Hoon Lee, president of Seoul Semiconductor.
Under the agreement, the two parties will refrain from raising any objections against any patent rights pertaining to white and visible LED technologies, and will cooperate in defending cross licensed patent rights. Additionally, this agreement will enable Seoul Semiconductor to further establish its position as a world leader in high-brightness and energy-efficient LED lighting solutions.
The following is a transcript of a recent interview with Yanghee Han, vice president of sales and marketing at Seoul Semiconductor:
Question: Does the agreement include Seoul Optodevice?
Answer: Seoul Semiconductor has signed this agreement with OSRAM GmbH. OSRAMís subsidiary, OSRAM Opto Semiconductors has the same rights as its parent OSRAM GmbH. Seoul Optodevice also has the right as a subsidiary of Seoul Semiconductor.
Question: How is the lawsuit with Nichia in the US proceeding?
Answer: Bingham McCutchen LLP, a national law firm with global capabilities in the US is leading the charge of Seoul Semiconductorís lawsuit. Bingham posted the good news on their website that Seoul Semiconductor has scored the first victory in the case against Nichia. Seoul Semiconductor is sure to win the final pending lawsuit soon.
Question: How about your strategic partnership with other global companies in addition to OSRAM GmbH?
Answer: We have signed an agreement with Cree USA and established a strategic partnership with Toyoda Gosei of Japan. Therefore, this agreement with OSRAM GmbH Germany enables Seoul Semiconductor to consolidate its strong position.
Question: Could you share additional information or details about this cross-license agreement?
Answer: Iím sorry but I cannot offer any other information besides what is mentioned in the release since this is a non-disclosure agreement. What is obvious is that with this agreement the two companies can have a strong partnership and cooperatively cope with the patent disputes caused by a third party.