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Technology Stocks : OLED Universal Display Corp
OLED 156.53+4.0%3:59 PM EST

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To: slacker711 who wrote (25901)4/22/2021 11:39:49 PM
From: ynotgoal1 Recommendation

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I don't know if that is plausible but I am having trouble coming up with non-IP related reasons for these extensions.

This is going way back to the original 2005 Samsung agreement but I think it still holds that the agreements covers patents UDC obtains during the term of the contract. I think the excluded patents were blue but, again, not sure how an extension would change that. And not sure why they would need to do an early extension for IP they already have access to.

License Rights to Future Patents. To the extent Universal Display has the right to do so, SMD’s license rights under Section 2.1 above will be expanded to include, and Universal Display hereby grants to SMD a license under, additional patents, for which Universal Display at anytime during the Term acquires the ownership interest or the right to grant license thereunder, to the extent such additional patents cover SMD’s manufacture, use, importation, or sale of OLED Display Modules through Permitted Processes as contemplated hereunder, but excluding any such patents which (a) [***], and (b) [***], unless separately agreed in writing. [***]

The presentation is now gone but I am nearly positive that Sid stated that Tianma was the only expiring license this year at the Needham conference in January.

I think I remember that, too.
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