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Subsidiary reached an agreement with M-Vision for licensing patents related to 'portable fluorescent forgery detector'

Seoul Semiconductor Press Release

FlashlightNews.org - 4/15/2009


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Portable fluorescent forgery detection

Portable fluorescent forgery detection

SEOUL, South Korea - Seoul Semiconductor (President: Lee Jeong-hun, acriche.com), a world's leading LED manufacturer, said on April 13 that it reached an agreement with M-Vision for licensing patents related to portable fluorescent forgery detector, which was jointly developed by its subsidiary Seoul Optodevice (President: Oh Myeong-seok, socled.com) and Korea Minting & Security Printing Corporation (KOMSCO).

With the licensing contract, Seoul Optodevice will receive licensing royalties from M-Vision, an industrial optical component developer, as a part of sales of 'the portable fluorescent forgery detector' adopting its technologies.

'The portable fluorescent forgery detector' is widely used for identifying forgery of bank notes, securities, passports, gift coupons, and ID cards by commercial banks and financial companies, as well as transportation companies, self-employed firms and small businesses that mainly transact securities. And its demand is expected to significantly increase as counterfeit money raises issues around the world.

Ultra violet (UV) mercury lamps have been mainly used for detecting forgery, but UV LED provides excellent features in lifetime, durability, output power and eco-friendliness. Unlike existing UV mercury lamps that can detect forgery in dark areas only, UV LED can easily identify forgery even in bright places.

Meanwhile, Seoul Optodevice installed commercial production facilities of short wavelength deep UV LED for the first time in the industry, partnering with the U.S.-based SETI in the form of investment in stakes. Seoul Optodevice is the only company that commercialized short wavelength deep UV LED as of now, and it is expected that development of such LED with commercial potential will be difficult to evade patent rights of Seoul Semiconductor and Seoul Optodevice.

About Seoul Semiconductor

Seoul Semiconductor, the world's leading LED manufacturer, has been named to Forbes and Business Week's lists as one of the most promising Asian companies. Its products, Acriche and Flash LED were named as "Product of the Year" in 2008 and 2006 by Elektronik, one of the most prestigious electronics magazines in Europe . Also, Acriche was selected as one of the "Hot items of 2007" by EDN, specialized in electronic components. Semiconductor's primary business areas are LED packaging and custom module manufacturing. It provides a full range of LED products including AC-driven semiconductor light source, Acriche, High-brightness Power, Side View, Top, Chip, Lamp and High Flux LEDs, and custom type modules. Applications for the company's LED products include general lighting, signage, back lighting for mobile phones, TVs, notebook computers, automotive lighting, home appliances, signals, etc. Seoul Semiconductor reported US$290 million in sales in 2007. It has 1,558 patents and 362 licenses as of December 2007. Seoul Semiconductor has 25 branches including 3 overseas corporate offices. Its products are also represented worldwide by more than 90 distributors.

For more information, visit the company's web site at: seoulsemicon.co.kr.

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