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Global OLED Technology sues eMagin for breach of license agreement

eMagin logo newGlobal OLED Technology (GOT) filed a complaint in the Supreme Court of the State of New York against eMagin for breach of license agreement. eMagin has been a licensee of GOT's patent portfolio (which originated at Kodak) since 1999.

GOT says that eMagin breached its patent license agreement 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.

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