OLEDWorks signs a patent license agreement with Global OLED Technology

OLEDWorks signed a patent license agreement with Global OLED Technology, LG's company that holds Kodak's OLED patents. This is a royalty-bearing license that gives the right to use OLED lighting related patents.

OLEDWorks is an OLED lighting panel manufacturer that was established in 2010 by former Kodak OLED business experts. Earlier today the company announced a $61,000 grant to expand their R&D lab in Rochester.