Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that the Japanese IP High Court delivered a decision reversing the Japanese Patent Office’s (JPO) prior invalidation of the broad claims in the Company’s Japanese Patent No. JP-4511024 (the JP ‘024 patent). The matter was remanded back to the JPO for further consideration consistent with the IP High Court’s ruling.
The JPO’s prior decision, on May 10, 2012, confirmed the novelty of Universal Display’s basic invention in JP ‘024, but invalidated the broad claims. This was in response to Semiconductor Energy Laboratory Co., Ltd.’s (SEL) June 2011 request for a complete invalidation of JP ‘024. With the belief that the JPO’s decision regarding the broad claims was erroneous, Universal Display appealed the decision to the Japanese IP High Court.
“We are pleased that the Japanese IP High Court recognized the novelty of our phosphorescent patent and confirmed our belief in the validity of JP ‘024’s broad claims,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation.
JP ‘024 is one of more than sixty patents issued worldwide that cover four early fundamental phosphorescent OLED inventions developed at Princeton University and the University of Southern California, which are exclusively licensed to Universal Display Corporation. Universal Display’s basic phosphorescent patents encompass organic light emitting devices that produce electroluminescence using an emissive layer comprised of a phosphorescent material.UDC is committed to increasing the value of and defending its intellectual property portfolio by building upon and around its core fundamental phosphorescent patent families. The Company has a growing portfolio of over 3,000 issued and pending OLED device, architecture and material patents worldwide. This extensive IP framework is designed not only to fortify Universal Display’s licensing and materials business model beyond 2020, but to help ensure that the trajectory of the Company’s future will not be defined by any one patent or decision, favorable or unfavorable.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV