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Message: Samsung Electronics Acquires Clairvoyante's IP Assets ( old IP acquisition )

Samsung Electronics Acquires Clairvoyante's IP Assets ( old IP acquisition )

posted on Oct 01, 2009 12:27PM

here is a sample how they acquire IP technology is they need it.

Samsung Electronics Acquires Clairvoyante's IP Assets

http://www.informationdisplay.org/newsarticle.cfm?newsArt=news177

CUPERTINO, Calif. - Samsung Electronics announced on March 25 the acquisition of IP assets of Clairvoyante Inc., an IP licensing company responsible for the development of PenTile subpixel rendering display technology and associated gamut mapping algorithms. The financial terms of the agreement were not disclosed.

Clairvoyante's PenTile technology offers a significant reduction in power consumption for high-resolution mobile LCDs and for extending the lifetime of high-resolution mobile OLED displays, according to a Samsung press release. Samsung and Clairvoyante have worked together often in the past, most recently in October 2007, when Samsung SDI announced that it was using PenTile subpixel rendering technology to develop the world's first high-resolution active matrix OLED panel, a handheld wVGA (480 x 800) OLED PenTile RGB panel.

"Samsung recognized the potential of Clairvoyante's PenTile technology to improve display performance more than seven years ago when we became the first company to license the IP," said Dr. Seung-Ho Ahn, vice president, External Affairs & IP Group at Samsung Electronics. "This new business relationship will afford us the opportunity to guide this technology in support of a wide range of markets and applications."

"The acquisition of Clairvoyante's IP assets by Samsung ensures the long term development of PenTile technology to support growing demand for high resolution devices," said Joel Pollack, CEO of Clairvoyante Inc. "The transaction also validates the ability of PenTile technology to enable best-in-class displays with greater performance and functionality for emerging designs."

After the acquisition of IP assets, Clairvoyante will be dissolved. A new entity, Nouvoyance, has been formed. It will be led by Candice Brown Elliott, a founder of Clairvoyante, and staffed with the Clairvoyante engineers. Together with Samsung, Nouvoyance will carry forward the future development of PenTile technology.

"We are pleased that Nouvoyance will be able to continue display technology development to realize the dreams of low-power, high-resolution display applications," said Elliott, who will be CEO of Nouvoyance.

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