While the financial details were not disclosed, Kodak will have continuing access to the image sensor technology involved in this transaction for use in its own products. Kodak has previously communicated that it would sell assets that are not central to its transformation to a profitable, sustainable digital company. This sale is aligned with that strategy to generate cash to complete the transformation.

Earlier this year, the DOE recognized Kodak’s advances in OLED technology for solid state lighting applications by presenting Kodak with an award for excellence in project execution. Kodak exceeded the project efficacy target of 50 lm/W, developing an Energy Star color and efficacy compliant OLED that delivers 56 lm/W, 10,000 hours life, color rendering index of 83.6, and a color temperature of 4,000K.

Green Dopant Material Enables Low-Power, Full-Color, Long-Life OLED Displays

In addition to Univision, Kodak OLED licensees number more than 15, several of whom have already announced mass production plans and customer design wins.