Denso is the first auto parts maker to license Kodak's organic light emitting diode (OLED) technology. Kodak will receive a royalty from Denso for each device the company sells using OLED technology. In Denso's last fiscal year, the company had worldwide net sales of $16 billion.
Denso will use the OLED technology in passive-matrix displays for automobiles, integrating the displays into dashboards, for example. The agreement also allows Denso to purchase Kodak's patented OLED materials.
Financial terms of the deal were not disclosed. --Richard Shim, Special to ZDNet News