News & Events
Offering Memorandum Available for Philips OLED Technology Patent Portfolio
CHICAGO, June 5, 2013 – Intellectual Property Exchange International, Inc. (IPXI), the world's first financial exchange for licensing and trading intellectual property (IP) rights, today launched its first Unit License Right (ULR) contract offering. During its first public web presentation held at 10 a.m. CT, IPXI unveiled details about the first-of-its-kind offering covering a portfolio of more than 600 patent assets – including 225 granted patents globally – related to organic light-emitting diode (OLED) technologies for display screen applications. Registration is still available for a second webinar tonight at 8 p.m. CT (10 a.m. June 6 in Tokyo).
The two webinars combined have thus far attracted more than 250 participants who registered in advance, including officials from some of the world's leading corporations and financial institutions. Immediately following the webinar, IPXI made the OLED Offering Memorandum available in the data room accessible from IPXI's trading platform on the company's website. The Memorandum is the formal marketing and disclosure document for the offering. Additional information is available through a data room on the trading platform. The marketing period for IPXI's first-ever offering will also include visits to industry conferences, meetings and presentations with prospective investors and licensees in the United States, Europe and Asia. Once the initial offering is subscribed with sufficient indications of interest, the first tranche of the offering will close, and trading will begin on the trading platform the following day.
The portfolio is the result of nearly two decades of comprehensive research and development in the field by Koninklijke Philips N.V. (Philips), the world leader in healthcare, lifestyle and lighting. Initiated in the early 1990s, the research resulted in one of the largest and most robust patent portfolios in OLED technology. The OLED ULR offering will be for display screen applications only.
This first-ever ULR contract offering applies directly to active-matrix organic light-emitting diode (AMOLED) technology. Within the overall OLED displays market in 2012, industry sources estimate that AMOLED comprised approximately 80 percent of the total OLED displays market with passive-matrix organic light-emitting diode ("PMOLED") comprising the remaining portion. According to industry research reports, the global AMOLED displays market is expected to grow from $4.9 billion in 2012 to $25.9 billion by 2018.
Each OLED ULR contract provides the right to manufacture, use, sell, offer to sell or import five square meters of an OLED display for application in any display screen device. Collectively, the patented technology addresses a variety of high-level issues that arise in the development of OLED display panels, providing improvements over alternate technologies that include: greater output uniformity among pixels on a panel; increased panel reliability and length of service; more scalable designs to permit increasingly large panel sizes; greater image quality perceived by viewers; superior panel manufacturability; reduced power consumption; and reduced device costs.
IPXI is the world's first financial exchange for licensing and trading intellectual property rights. The mission of IPXI is to meet the price discovery, transaction efficiency and data distribution needs of intellectual property owners, investors and traders by creating the central marketplace for tradable IP assets. IPXI is funded by a group of U.S. and European investors, including CBOE Holdings, Inc. (Nasdaq: CBOE) and Koninklijke Philips N.V. (Philips) (NYSE: PHG). For more information on IPXI, please see the Exchange Fact Sheet or visit www.ipxi.com.