Eastman Kodak Company, a pioneer in organic light emitting diode technology (OLED), today announced an intellectual property cross-licensing agreement with LG Display Co., Ltd., of Korea, a world-class flat- panel display industry leader.

The license, which is royalty bearing to Kodak, enables LG Display to use Kodak technology, including yield-improving capabilities for Active Matrix OLED (AMOLED) modules, in a variety of small to medium size display applications such as mobile phones, portable media players, picture frames, and small TVs. The agreement also enables LG Display to purchase Kodak's patented OLED materials for use in manufacturing displays. Financial terms of the agreement were not disclosed.

“We are pleased with the opportunity to expand our relationship with LG Display beyond the Joint Evaluation Agreement we announced in February 2006,” said Mary Jane Hellyar, President, Kodak Display Business, and Executive Vice President, Eastman Kodak Company. “As we said during our recent investor meeting, OLED is an important technology that will help fuel Kodak’s future growth. Our goal is to see AMOLED panels that have been co-developed continue to appear in the industry during 2008.”

“AMOLED is the newest generation of display technology and will compete in the full spectrum of size ranges,” said Andrew Sculley, General Manager and Vice President, Kodak’s Display Business. “AMOLED technology offers superior product performance, and ultimately low-cost manufacturing advantages. We’re proud and pleased that LG Display has chosen to incorporate our OLED technology to power a variety of innovative new consumer display products.”

Hyun He Ha, Executive Vice President and Head of Small & Medium Displays Business Unit at LG Display, said, “The agreement will help strengthen our small and medium size OLED business, and bolster our position in the large OLED market in the long run. We expect the win-win relationship to create vast synergy for the OLED business of both companies.”

The agreement with LG Display is the latest in a series of moves that Kodak has made as the company commercializes its innovative OLED technology. Recently, KAGA Electronics of Japan announced plans to introduce the world’s thinnest, lightest portable 1-Seg television featuring a full-color, 3.0-inch OLED display utilizing Kodak’s AMOLED technology, which includes Kodak’s patented Global Mura Compensation that provides overall yield improvement. The KODAK ELITE VISION AMOLED 1-Seg TV was co-developed by Kodak, LG Display, KAGA Electronics and Andes Electronics and will be available in Japan by the end of March 2008.

Pioneered by Kodak in the late 1980s, OLED technology and its practical applications have generated more than 1,900 Kodak patents and patent applications worldwide. Benefits over conventional technologies include higher contrast, fast response time that can deliver blur free video motion, industry-leading (180 degree) viewing angle, thinner design for better ergonomics, and potentially lower unit cost of manufacturing.

Further information on Kodak OLED Technology is available at http://www.kodak.com/go/display/.

About Kodak

As the world's foremost imaging innovator, Kodak helps consumers, businesses, and creative professionals unleash the power of pictures and printing to enrich their lives.

To learn more, visit http://www.kodak.com, and our blogs: 1000words.kodak.com, and 1000nerds.kodak.com.

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About LG Display

LG Display Co., Ltd (NYSE: LPL, KRX: 034220) is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels and OLEDs, flexible displays. The company provides TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, and various applications. LG Display currently operates seven fabrication facilities and five back-end assembly facilities in Korea, China and Poland. The company has a total of 22,000 employees operating in ten countries around the world. Please visit http://www.lgpdisplay.com for more information.