Solvay S.A. (Brussels, Belgium; www.solvay.com) has reached a final agreement with Nissan Chemical Industries Ltd. to divest most of its OLED (organic lighting emitting diode) patent portfolio.
The sale follows a strategic analysis of the Organic Electronics market showing that new display technologies are being delayed. As a consequence, Solvay has decided to stop its research activities in this area and has started a value assessment of its OLED patent portfolio. It will continue to transfer its patents and technologies and use its resources for other research programs instead.