Kodak Licenses OLED Technology to Orion OLED Co., Ltd

Business Wire, July 28, 2005

ROCHESTER, N.Y. -- Eastman Kodak Company is licensing its organic light emitting diode (OLED) display technology to Orion OLED Co., Ltd. of Korea. This brings to more than 15 the number of display manufacturers licensing Kodak's passive matrix organic display technology.

"We believe OLED display's brightness and readability will add value to the products we make," said Jae Hwal Yoo, chief executive officer of Orion OLED. "Kodak's experience and leadership in OLED materials and displays were important considerations in our decision to license its technology."

Formerly part of Orion Electric Co. Ltd., Orion OLED manufactures OLED panels and module displays for a variety of consumer products, including cellular phones and MP3 players.

"Orion OLED is the latest manufacturer to explore the potential for Kodak display technology, and we value their decision to license our technology," said Mary Jane Hellyar, president, Display and Components Group and senior vice president, Eastman Kodak Company. "Orion OLED joins the ranks of producers taking advantage of OLED technology to enhance the benefits of display quality in a variety of applications, from simple sub-displays in cell phones to full color panels in portable media/communication devices."

Organic solid-state displays offer bright, sharp images that are viewable from almost any angle. OLED displays comprise thin films of organic materials that emit light when stimulated with an electrical charge. Unlike conventional liquid crystal displays, OLED displays do not require a backlight. Benefits over conventional technologies include extended color gamut, higher contrast, wider viewing angle for superb readability in most lighting conditions, faster response time to support crisp streaming video, and thinner design for better ergonomics. These benefits provide direct advantages for a variety of applications such as digital cameras, portable media players, mobile phones, PDAs and other devices.

The royalty-bearing license to Orion OLED covers use of passive matrix OLED modules in a variety of flat panel display applications. The agreement also gives Orion OLED the opportunity to purchase Kodak's patented OLED materials for use in manufacturing displays.

Pioneered by Kodak in the late 1980s, OLED technology and its practical applications have generated more than 150 Kodak patents. In addition to Orion OLED, Kodak OLED licensees number more than 15, several of whom have announced mass production plans and customer design wins. For further information on Kodak displays and our licensees, go to http://www.kodak.com/go/display/.> About Eastman Kodak Company

Kodak is the leader in helping people take, share, print and view images - for memories, for information, for entertainment. With sales of $13.5 billion in 2004, the company is committed to a digitally oriented growth strategy focused on the following businesses: Health - supplying the medical and dental industries with traditional and digital imaging-information products and services, as well healthcare IT solutions and services; Graphic Communications - offering on-demand color and black and white printing, wide-format inkjet printing, high-speed, high-volume continuous inkjet printing, as well as document scanning, archiving and multi-vendor IT services; Digital & Film Imaging Systems - providing consumers, professionals and cinematographers with digital and traditional products and services; and Display & Components - which designs and manufactures state-of-the-art organic light-emitting diode displays as well as other specialty materials, and delivers imaging sensors to original equipment manufacturers. More information about Kodak (NYSE: EK) is available at http://www.kodak.com.

About Orion OLED Co., Ltd.

Established in 1965 as part of Orion Electric Co., Ltd., the first company to introduce cathode-ray tube technology in Korea, Orion OLED provides cutting-edge OLED technology to world-class cellular phone manufacturers and MP3 player makers. Orion OLED is focusing on full color OLED modules that improve the value of their clients' products. As a result, customers have rewarded Orion OLED with sustainable long-term partnerships. With the accumulated know-how in flat panel businesses, such as Plasma Display Panels and Field Emission Display, Orion OLED offers customers high performance OLEDs and superior quality services to insure customer satisfaction. More information about Orion OLED is available at http://www.orionoled.com

Editor's Note: For additional information about Kodak, visit: http://www.kodak.com.

(Note: Kodak is a trademark of Eastman Kodak Company.)