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VITEX SYSTEMS SIGNS LICENSING AGREEMENT WITH SUNIC SYSTEM FOR ITS GUARDIAN™ THIN-
FILM ENCAPSULATION SYSTEM
New Agreement Broadens Tool Offering and Supports New Licensing Model
SAN JOSE, Calif., Oct. 24, 2007 – Vitex Systems, Inc. a leading technology developer, licensor and
engineering service provider for thin-film encapsulation and moisture barrier films, today announced that it has
signed a licensing agreement with Sunic System Inc. of Korea. The agreement includes a technology transfer
package from Vitex to Sunic, and gives Sunic the non-exclusive rights to make and sell Guardian™ thin-film
encapsulation systems, which can be used to encapsulate various electronic components and devices, including
organic light emitting diode (OLED) displays, thin film solar cells and thin film batteries. While the financial terms
of agreement were not disclosed, the license includes an upfront fee and on-going royalty payments based on
tool sales.
“Thin-film encapsulation is the key to enable future flexible and printable electronics and Vitex is the recognized
leader in this field,” said Hoon Lim, CEO and president of Sunic. “Getting the precious know-how surrounding
Barix™ encapsulation technology and leveraging the license for Vitex’s patent portfolio will enable Sunic to play
an important role in these markets.”
Commenting on its agreement with Sunic and licensing successes, Chyi-Shan Suen, director of sales and
marketing for Vitex, said, “Sunic has been successfully supplying many inline sputtering systems to various
customers. They have also sold many OLED deposition systems across various countries. Sunic has strong
technical capabilities and is a well-respected equipment company in the field. Signing this license agreement not
only validates the strength of our patent portfolio but, more importantly, broadens the Guardian™ tool family
offering.” He added, “This announcement follows on the recent success of our other tool licensee in securing
new tool orders. It also reaffirms the growing adoption and need of our thin-film encapsulation technology to
enable future OLED displays.”
About Sunic
Since its founding in 1990, Sunic System has been concentrated on developing and manufacturing machineries
particularly in the field of OLED. Equity participation of KRW 8.5 billion from Mirae Asset Group Consortium in
2005 has greatly enhanced its financial stability. So far, Sunic’s OLED equipments have been widely used by
major display panel manufacturers including Samsung SDI, Samsung Electronics, and Neo View Kolon; Material
developers such as LG Chemicals and Merck KGaA; various universities and R&D centers such as IPMS.
Overseas customers include IPMS, Thomson, OSRAM, and Merck KGaA in Europe, OptoTech in Taiwan, SVA,
UESTC, and Hong Kong Univ. in China and Hong Kong. Sunic’s management policy is to maintain its leading role
in the OLED equipment industry by strengthening its R&D, especially equipments for large area production. Also
noteworthy is Sunic’s set-up of service center in Europe slated for October 2007 will further activate its
operation in the region.
http://www.sunic.co.kr
About Vitex Systems
Vitex Systems, Inc., headquartered in San Jose, Calif., licenses a proprietary encapsulation solution, Barix™, as
well as deposition systems and next-generation flexible barrier substrates, that enable the cost-effective
production of organic light-emitting diode (OLED) displays that are lighter and thinner than any other
commercially available displays. Vitex's technology can also be used to address a wide array of photovoltaic and
optoelectronic applications. The company was incubated at Battelle, the world's largest independent private non-
profit research foundation, and was spun off as an independent company.
For more information on Vitex Systems, visit www.vitexsys.com.
Contacts:
Chyi-Shan Suen
Vitex Systems, Inc.
Phone: 408.325.0366
Fax: 408.519.4470
Email: csuen@vitexsys.com
<< Return to Press Release Index
FILM ENCAPSULATION SYSTEM
New Agreement Broadens Tool Offering and Supports New Licensing Model
SAN JOSE, Calif., Oct. 24, 2007 – Vitex Systems, Inc. a leading technology developer, licensor and
engineering service provider for thin-film encapsulation and moisture barrier films, today announced that it has
signed a licensing agreement with Sunic System Inc. of Korea. The agreement includes a technology transfer
package from Vitex to Sunic, and gives Sunic the non-exclusive rights to make and sell Guardian™ thin-film
encapsulation systems, which can be used to encapsulate various electronic components and devices, including
organic light emitting diode (OLED) displays, thin film solar cells and thin film batteries. While the financial terms
of agreement were not disclosed, the license includes an upfront fee and on-going royalty payments based on
tool sales.
“Thin-film encapsulation is the key to enable future flexible and printable electronics and Vitex is the recognized
leader in this field,” said Hoon Lim, CEO and president of Sunic. “Getting the precious know-how surrounding
Barix™ encapsulation technology and leveraging the license for Vitex’s patent portfolio will enable Sunic to play
an important role in these markets.”
Commenting on its agreement with Sunic and licensing successes, Chyi-Shan Suen, director of sales and
marketing for Vitex, said, “Sunic has been successfully supplying many inline sputtering systems to various
customers. They have also sold many OLED deposition systems across various countries. Sunic has strong
technical capabilities and is a well-respected equipment company in the field. Signing this license agreement not
only validates the strength of our patent portfolio but, more importantly, broadens the Guardian™ tool family
offering.” He added, “This announcement follows on the recent success of our other tool licensee in securing
new tool orders. It also reaffirms the growing adoption and need of our thin-film encapsulation technology to
enable future OLED displays.”
About Sunic
Since its founding in 1990, Sunic System has been concentrated on developing and manufacturing machineries
particularly in the field of OLED. Equity participation of KRW 8.5 billion from Mirae Asset Group Consortium in
2005 has greatly enhanced its financial stability. So far, Sunic’s OLED equipments have been widely used by
major display panel manufacturers including Samsung SDI, Samsung Electronics, and Neo View Kolon; Material
developers such as LG Chemicals and Merck KGaA; various universities and R&D centers such as IPMS.
Overseas customers include IPMS, Thomson, OSRAM, and Merck KGaA in Europe, OptoTech in Taiwan, SVA,
UESTC, and Hong Kong Univ. in China and Hong Kong. Sunic’s management policy is to maintain its leading role
in the OLED equipment industry by strengthening its R&D, especially equipments for large area production. Also
noteworthy is Sunic’s set-up of service center in Europe slated for October 2007 will further activate its
operation in the region.
http://www.sunic.co.kr
About Vitex Systems
Vitex Systems, Inc., headquartered in San Jose, Calif., licenses a proprietary encapsulation solution, Barix™, as
well as deposition systems and next-generation flexible barrier substrates, that enable the cost-effective
production of organic light-emitting diode (OLED) displays that are lighter and thinner than any other
commercially available displays. Vitex's technology can also be used to address a wide array of photovoltaic and
optoelectronic applications. The company was incubated at Battelle, the world's largest independent private non-
profit research foundation, and was spun off as an independent company.
For more information on Vitex Systems, visit www.vitexsys.com.
Contacts:
Chyi-Shan Suen
Vitex Systems, Inc.
Phone: 408.325.0366
Fax: 408.519.4470
Email: csuen@vitexsys.com
<< Return to Press Release Index
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