eMagin and GOT settle their OLED licensing dispute
In January 2014, Global OLED Technology (GOT) filed a complaint in the Supreme Court of the State of New York against eMagin for breach of license agreement.
Today eMagin announced that it entered into a settlement agreement with Global OLED Technology. The two companies terminated the original patent license agreement in exchange for mutual releases and the payment by eMagin of a one-time, undisclosed settlement amount. GOT will dismiss its lawsuit and eMagin will not pay any royalties to GOT (their current product offering does not incorporate any GOT IP.