GE Licensing, Current Lighting, Savant and Seoul Semiconductor Co., Ltd. Enter into Patent License Agreement

GE Licensing , Current Lighting Solutions, Savant Systems and Seoul Semiconductor 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.

Thanks to this collaborative agreement, Seoul Semiconductor has emerged as the unique 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.