UDC and Seiko Epson signed a settlement and license agreement over OLED patents and inkjet printing patent. There is not a lot of information available yet, besides the Following Form 8K:
UDC entered into a Settlement and License Agreement with Seiko Epson Corporation ("Epson"). Under the terms of the agreement, the Registrant licensed one of its ink jet printing patents and certain related patent filings to Epson. Epson's license rights include the right to grant sublicenses to third parties, subject to specified limitations in the agreement. In consideration of the license, the parties resolved outstanding issues concerning the licensed patent rights and Epson agreed to pay a fixed amount to the Registrant. If, within a specified period of time, the parties enter into a broader license agreement covering other aspects of the Registrant's OLED patent portfolio, this amount is creditable against license fees and royalties payable under that broader license agreement.
