Kodak Sells OLED Business To LG

Kodak has been a big name in electronics for many years now. The company was originally best known for its line of films and film-based cameras. As technology changed, the company began producing a full line of digital cameras and digital photo frames among other things.

Kodak has been making its own OLED screens for use in its electronic products for a while now. Back in March Kodak and LG teamed up and Kodak announced that its OLED screens would be used in LG products. Kodak announced recently that it would be selling its OLED screen business and all associated assets to LG

The specifics of the deal are not known at this time. Kodak reports that the move will allow it to tighten its investment focus and strengthen its financial position. Kodak will continue to have access to the OLED technology for its own products. The deal is subject to customary closing processes and is expected to close by the end of the year.