News Article
Osram and Samsung bury the hatchet
The companies have also signed a separate memorandum of understanding to explore the possibilities of jointly developing future LED-based products
Osram AG and Samsung Electronics Co., Ltd. have reached an agreement to settle all patent suits between them worldwide.
The patent suits have been filed in various countries amongst others Germany, South Korea and in the United States of America. The parties will dismiss all suits as expeditiously as possible, with a settlement consequently expected to be finalised by the end of August, 2012.
As part of the settlement, the parties have reached license agreements for their respective LED patent portfolios. The parties have also signed a separate memorandum of understanding to explore the possibilities of jointly developing future LED-based products.
“We are glad to enter with Samsung in a new area of partnership-based competition. We respect the intellectual property rights of other companies and it is our ongoing policy to reach license agreements with other manufacturers of LED products. Along these lines, we appreciate this out-of-court settlement with Samsung,”
said Wolfgang Dehen, CEO of Osram AG.
“With the patent suits now behind us, we look forward to building a strategic relationship with Osram on a number of different fronts. There is a great deal of respect and also competition between the two companies. We believe the two companies now have an opportunity to significantly contribute to the LED industry and offer better products to our customers,” said Namseong Cho, Executive VP and General Manager of Samsung Electronics’ LED Business.
Osram AG, based in Munich, Germany, is a wholly-owned subsidiary of Siemens AG and one of the two leading light manufacturers in the world. Over 70 percent of its revenue comes from energy efficient products. The company has around 41,000 employees worldwide, supplying customers in 150 countries from its 44 production
sites in 16 countries (as of September 30, 2011).
Samsung Electronics Co., Ltd. is an innovator in semiconductor, telecommunication, digital media and digital convergence technologies and employs approximately 206,000 people in 197 offices across 72 countries. The company operates two separate organisations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED.
The patent suits have been filed in various countries amongst others Germany, South Korea and in the United States of America. The parties will dismiss all suits as expeditiously as possible, with a settlement consequently expected to be finalised by the end of August, 2012.
As part of the settlement, the parties have reached license agreements for their respective LED patent portfolios. The parties have also signed a separate memorandum of understanding to explore the possibilities of jointly developing future LED-based products.
“We are glad to enter with Samsung in a new area of partnership-based competition. We respect the intellectual property rights of other companies and it is our ongoing policy to reach license agreements with other manufacturers of LED products. Along these lines, we appreciate this out-of-court settlement with Samsung,”
said Wolfgang Dehen, CEO of Osram AG.
“With the patent suits now behind us, we look forward to building a strategic relationship with Osram on a number of different fronts. There is a great deal of respect and also competition between the two companies. We believe the two companies now have an opportunity to significantly contribute to the LED industry and offer better products to our customers,” said Namseong Cho, Executive VP and General Manager of Samsung Electronics’ LED Business.
Osram AG, based in Munich, Germany, is a wholly-owned subsidiary of Siemens AG and one of the two leading light manufacturers in the world. Over 70 percent of its revenue comes from energy efficient products. The company has around 41,000 employees worldwide, supplying customers in 150 countries from its 44 production
sites in 16 countries (as of September 30, 2011).
Samsung Electronics Co., Ltd. is an innovator in semiconductor, telecommunication, digital media and digital convergence technologies and employs approximately 206,000 people in 197 offices across 72 countries. The company operates two separate organisations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED.
