Seoul Semiconductor Extends Auction Date to February 28, 2020 Given Market Interest in Key Technology Patent Portfolio

ANSAN, South Korea — (BUSINESS WIRE) — December 12, 2019Seoul Semiconductor Co., Ltd. (KOSDAQ 046890), a leading global innovator of LED products and technology, announced it extends the auction date for radio frequency (RF) semiconductor patent portfolio and its high power LED package patent portfolio to February 28, 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191212005201/en/

Seoul Semiconductor’s patent auctions with GoodIP, a digital licensing platform (Graphic: Business Wire)

Seoul Semiconductor’s patent auctions with GoodIP, a digital licensing platform (Graphic: Business Wire)

“Since our news release for the patent auction in November, numerous companies have expressed enthusiastic interest in the patent portfolios, and have asked enough time to review them. So we have decided an extension of bid deadline for both auctions given market interest,” said Seoul Semiconductor’s founder Chung Hoon Lee and SETi’s chief executive officer Chae Hon Kim.

In the first auction, Seoul Semiconductor is seeking the top bidder for 98 patent assets related to power amplifiers and gallium nitride (GaN) RF semiconductors, including 55 U.S. patents.

In the second auction, Seoul Semiconductor will auction 177 patents, including 76 U.S. patents, related to high and mid power LED packages, CSP (Chip Scale Packages) and adaptive lighting.

The auction process is being handled by GoodIP, the digital licensing platform that helps tech companies and research centers identify licensing partners for their intellectual property.

About GoodIP
GoodIP helps tech companies and research centers identify licensing partners for their intellectual property through GoodIP’s digital licensing platform. GoodIP is supported by Fluxunit/Osram Ventures and the LMU Entrepreneurship Center. For more information, please visit www.goodip.io.

About Seoul Semiconductor
Seoul Semiconductor develops and commercializes LEDs for automotive, general illumination, specialty lighting, and backlighting markets. As the second-largest LED manufacturer globally excluding the captive market, Seoul Semiconductor holds more than 14,000 patents, offers a wide range of technologies, and mass produces innovative LED products such as SunLike – delivering the world’s best light quality in a next-generation LED enabling human-centric lighting optimized for circadian rhythms; WICOP – a simpler structured package-free LED which provides market leading color uniformity and cost savings at the fixture level, providing high lumen density and design flexibility; NanoDriver Series – the world’s smallest 24W DC LED drivers; Acrich, the world's first high-voltage AC-driven LED technology developed in 2005, including all AC LED-related technologies from chip to module and circuit fabrication, and nPola, a new LED product based on GaN-substrate technology that achieves more than ten times the output of conventional LEDs. UCD constitutes a high color gamut display which delivers more than 90% NTSC. For more information, please visit www.seoulsemicon.com/en.



Contact:

GoodIP
CEO Bastian July
Tel: +49-160-6853558
Email: bastian.july@goodip.io

Seoul Semiconductor Co., Ltd.
Jeonghee Kim
Tel: +82-70-4391-8311
Email: jeonghee.kim@seoulsemicon.com




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