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OLEDs are composed of thin organic films that emit light when charged by electricity, according to Kodak’s press release. OLEDs are known to be a cheaper and power-efficient alternative to traditional LCD backlights in cell phones, PDAs, media players, and digital cameras.
As part of the agreement, the royalty-bearing license will allow Tohoku to manufacture OLED flat panels based on Kodak’s technology. Tohoku joins 15 other companies with whom Kodak has existing OLED agreements.
