Polymer OLED JV

(CDT) and Sumitomo Chemical are to form a new joint venture company to develop and supply advanced polymer OLED (P-OLED) materials and formulated inks for use in commercial P-OLED display and lighting applications.

The new company, to be based in Tokyo, Japan, will be owned equally by CDT and Sumitomo.

The parent companies will channel their existing P-OLED materials research and development activities into the new JV company, which will have access to the P-OLED material IP of the parent companies.

Sumitomo has recently completed the acquisition of the Lumation business from The Dow Chemical Company, and will make available, on an exclusive basis, the polyfluorenes technology and IP of the Lumation business to the joint venture.

The joint venture will also have access to full colour P-OLED materials based on polyfluorene chemistry which CDT and Dow have separately developed over the last ten years.

It will also have exclusive access to high efficiency materials based on dendrimer chemistry which CDT gained through the acquisition of Opsys back in 2002.