Osram reaches global settlement with LG Electronics and LG Innotek over LED patent litigations
Joint Press Release by Osram, LG Electronics and LG Innotek
Osram, LG Electronics Inc. and LG Innotek Co. Ltd. have agreed to settle all LED patent litigations between them worldwide. Under the agreement, executed October 31, 2012, the parties will dismiss all patent disputes pending in various countries including the United States, Germany, South Korea, Japan and China. As part of the settlement, the parties have also reached a license agreement for their respective LED patent portfolios. The parties agreed to keep the details of the settlement confidential.
“We are very much satisfied with the settlement reached. It is our long-standing policy to reach license agreements with other manufacturers of LED products. Consequently, we highly appreciate this settlement with LG Electronics and LG Innotek,” said Aldo Kamper, CEO of Osram Opto Semiconductors.
“With the patent litigations now terminated, we are looking forward to building a strong relationship with Osram in the field of intellectual property,” said Si-Gwan Ryu, Executive Vice President of LED Business Unit of LG Innotek Co. Ltd.
OSRAM GmbH (Munich, Germany) is a wholly-owned subsidiary of Siemens AG and one of the two leading light manufacturers in the world. In fiscal year 2011 (ended September 30, 2011), it generated revenue of about 5 billion Euros. Osram is a high-tech company in the lighting sector and more than 70 percent of its revenue comes from energy efficient products. The company, which is very much internationally oriented, has around 41,000 employees worldwide, supplying customers in 150 countries from its 44 production sites in 16 countries (as of September 30, 2011). Additional information can be found in the internet at www.osram-group.com
ABOUT LG Electronics Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances. With 117 operations around the world, LG achieved global sales of USD 49 billion (KRW 54.26 trillion) in 2011. LG comprises four business units – Home Entertainment, Mobile Communica-tions, Home Appliance, and Air Conditioning & Energy Solution – and is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG Electronics is a 2012 ENERGY STAR® Partner of the Year.
For more news and information on LG Electronics, please visit www.LGnewsroom.com
ABOUT LG Innotek Inc.
LG Innotek is a global specialized materials and components manufacturer and an affiliate of LG Group. LG Innotek, established in 1970, recorded about USD 4.1 billion (4,5 trillion won) in sales in 2011 and works with around 19,000 employees worldwide in 22 operations. LG Innotek is pouring its energy into the core material and parts of the technology advanced industry including LEDs, PCBs, Mobiles, Displays, Networks, Automotives, etc. In addition, we’re adding fresh fuel to the development of future eco-friendly material and parts like solar cells, electric car parts, etc.