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DuPont Electronics & Imaging confirmed today it has completed the sale of its soluble organic light emitting diode (OLED) technology and associated assets to LG Chem, Ltd.
Assets included in the sale are intellectual property related to DuPont’s soluble OLED technology, and certain equipment for the production of soluble OLED materials and devices. The sale did not include assets or business associated with DowDuPont’s existing evaporative OLED business.
DuPont and LG Chem also have agreed to work together during an extended period of technology transfer to assure a smooth transition and ensure needs are met for ongoing development and customer engagements. Financial details were not disclosed.
About DuPont Electronics & Imaging
DuPont Electronics & Imaging is a global supplier of materials and technologies serving the semiconductor, advanced chip packaging, circuit board, electronic and industrial finishing, photovoltaic, display, and digital and flexographic printing industries. From advanced technology centers worldwide, teams of talented research scientists and application experts work closely with customers, providing solutions, products and technical service to enable next-generation technologies.
About DowDuPont Specialty Products Division
DowDuPont Specialty Products, a division of DowDuPont (NYSE: DWDP), is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, building and construction, health and wellness, food and worker safety. DowDuPont intends to separate the Specialty Products Division, which will be called DuPont, into an independent, publicly traded company.