Kodak Sells OLED business to LG

The past 5 years saw many companies shift towards OLED technology. Companies like Sony, Samsung, Toshiba and GE revealed several OLED based products. Where the technology was revolutionary there wasn’t much of a demand for the OLED products. Most products created were not mass marketed and in most cases research on OLED technology is still on-going.

In the current economic climate Kodak has let go of several of its businesses. Earlier this year we saw KodaChrome leave and today Kodak announced that it had finalized the deal to sell its OLED business to a set up of LG companies.

Kodak was one of the first pioneers of OLED technology. Kodak states, ‘Kodak first discovered organic materials that glowed in response to electrical currents in the late 1970s. Since then, Kodak has set industry benchmarks with patented discoveries and OLED technology.’ This year they launched several OLED products that included an OLED photo frame and Kodak Elite Vision TV.

Written for and published on the Amvona Blog

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