IGNIS announces signing a Patent License Agreement with LG Display

WATERLOO, ON, June 22, 2016 /CNW/ - IGNIS Innovation Inc. ("IGNIS"), an emissive display technology company, today announced the execution of a Patent License agreement with LG Display Co., Ltd. ("LG Display"), the Seoul-based world-leading display manufacturer. Under the agreement, IGNIS will provide LG Display under a non-exclusive license, access to its circuit technology to enhance the performance of OLED displays. As recognized by the display industry leaders, circuit technology is crucial for today's AMOLED applications including TV, IT, high resolution smartphone, virtual reality, automotive and next generation printing.

"Our team is excited to have LG Display, a global leader and innovator when it comes to OLED displays, as a partner," said Peter Monsberger, Chief Executive Officer of IGNIS Innovation Inc.  "The efforts of IGNIS over the last 10 years have been focused on circuit technology as a viable solution for material and device issues inherent in emissive displays. This effort has resulted in significant know-how and Intellectual Property being developed by IGNIS, which is available to our partners including LG Display.  I am sure that the collaboration between the two companies will contribute to further expanding the rapidly growing OLED display market."  Specific terms of the agreement were not disclosed because of their confidential nature. 

IGNIS Innovation Inc. is an emissive display technology company that provides total solutions for high quality emissive displays.  The company is based in Waterloo, Ontario the heart of Ontario's technology corridor.  With over 300 patents in the area of emissive displays, IGNIS is a leader in its field. For more information, please visit www.ignisinnovation.com.

About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world's leading innovator of display technologies including thin-film transistor liquid crystal displays (TFT-LCD), OLEDs and flexible displays. The company manufactures and provides display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications including tablets, mobile devices. LG Display currently operates fabrication facilities in Korea and China, and back-end assembly facilities in Korea, China, and Poland. The company has a total of approximately 49,000 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

SOURCE IGNIS Innovation Inc.

For further information: Peter Monsberger, CEO, pmonsberger@ignisinnovation.com, IGNIS Innovation Inc., 12-50 Bathurst Drive, Waterloo, Ontario, N2V 2C5, Canada, 519-772-1136 Ext. 252

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