GE Licensing, Current Lighting, Savant and Seoul Semiconductor Co., Ltd. Enter into Patent License Agreement
GE Licensing (“GEL”), Current Lighting Solutions, LLC (“Current”), Savant Systems Inc. and Seoul Semiconductor Co., Ltd. (“SSC”) today announced that they have entered into a patent license whereby SSC acquired a license to a PFS (also known as KSF) patent portfolio for all application fields widely licensed by the LED industry.
- GE Licensing (“GEL”), Current Lighting Solutions, LLC (“Current”), Savant Systems Inc. and Seoul Semiconductor Co., Ltd. (“SSC”) today announced that they have entered into a patent license whereby SSC acquired a license to a PFS (also known as KSF) patent portfolio for all application fields widely licensed by the LED industry.
- View the full release here: https://www.businesswire.com/news/home/20230918035350/en/
$1B Company by 2nd Generation Technologies (Graphic: Seoul Semiconductor Co., Ltd.)
Thanks to this collaborative agreement, Seoul Semiconductor has emerged as the unique beneficiary of GEL's PFS patent portfolio for all applications, such as display, lighting, and automotive, among others. - “Seoul Semiconductor, as a company that respects intellectual property rights, values the patent portfolios of GE Licensing, Current Lighting and Savant.
- The rights granted today in this license agreement further strengthens Seoul Semiconductor’s 2nd Generation Patent Portfolio of 18,000 patents and significantly enhances our ability to move products to the market,” said Chung H. Lee, founder of Seoul Semiconductor and Seoul VioSys.