GE, Current, Savant and Seoul Semiconductor Enter Patent Agreement

SEOUL, South Korea  — GE Licensing (“GEL”), Current Lighting Solutions, LLC (“Current”), Savant Systems Inc. and Seoul Semiconductor Co., Ltd. (“SSC”) 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.

Seoul Semiconductor is the beneficiary of GEL’s PFS patent portfolio for all applications, such as display, lighting, and automotive, among others. The impact of this agreement in the emerging electric vehicle sector is anticipated to be especially critical, where the parties anticipate the benefits of in-vehicle displays and lighting containing PFS to significantly reduce power consumption.

“We are pleased to welcome SSC back to the ranks of our PFS licensees, so that we can both focus on innovating and creating LED products that are critical to the world,” said Patrick Patnode, President of GE Licensing.

“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.