Avago OLED Patent Sale Offering - IAG

INTELLECTUAL ASSET GROUP, LLC CONFIDENTIAL

ORGANIC LIGHT EMITTING DIODE (OLED) PATENT SALE OFFERING

Presented by

NOTICE: This is an offer for sale of the indicated patent portfolio. Any discussion of the use or potential use of the referenced patents is for illustrative purposes only, and is not intended to be, and should not be construed as being, the views or opinions of Avago Technologies, notice of infringement, or any form of actual or prospective infringement.

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DISCLAIMER: Any discussion of the use or potential use of the referenced patents is for illustrative purposes only, and is not intended to be, and should not be construed as being, the views or opinions of Avago Technologies, notice of infringement, or any form of actual or prospective infringement.

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IMPORTANT NOTICES & DISCLAIMERS

Any discussion of the use or potential use of the referenced patents is for illustrative purposes only, and is not intended to be, and should not be construed as being, the views or opinions of Avago Technologies, notice of infringement, or any form of actual or prospective infringement.

This is an offer for sale of the indicated patent portfolio. The information in this document is provided in confidence solely for the purpose of supporting the independent evaluation of the portfolio by prospective buyers. In making a decision regarding this offering, prospective buyers must rely on their own examination of the patents including the risks and merits involved. The statements herein are based on assumptions that involve a number of uncertainties, and there is no assurance that the patents and other intellectual property rights will be upheld. IAG makes no representation concerning the validity or enforceability of the patents. Additionally, these materials are solely attributable to IAG and do not necessarily represent the views or opinions of Seller. Nothing in this document shall constitute or be interpreted as legal analysis or advice regarding the scope of the patents or other intellectual property rights. Similarly, nothing included in this offering shall be used to interpret, define, construe, or otherwise limit the scope afforded the associated patent rights. By receiving this Patent Sale Offering, recipient agrees to maintain the confidentiality of the information contained herein, to use it solely for the purposes of evaluating a prospective purchase of the referenced patents and not to disclose it to any third party other than those who have a need to know in order to assist recipient in the evaluation of such opportunity and who similarly agree to maintain the confidentiality of the information.

All third party design logos used herein are trademarks of their respective names and/or companies with which they are associated. The owners are not affiliated, associated, or connected with IAG or Avago Technologies, and do not sponsor, endorse, authorize, have responsibility for, or approve of this Patent Sale Offering, patent sale, the identified patents, or any products or services of Avago Technologies or IAG.

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TABLE OF CONTENTS

OFFERING INFORMATION AND BIDDING PROCESS…………………………………………………….4

CONTACT INFORMATION…………………………………………………………………………………………..4

OPPORTUNITY DESCRIPTION………………………………..………………………………………………….5

TECHNOLOGY OVERVIEW………………………………………………………………………………………….5

MARKET LANDSCAPE AND IMPACTED REVENUE……………………………………………………….7

MARKET PARTICIPANTS……………………………………………………………………………………………8

PORTFOLIO OVERVIEW……………………………………………………………………………………………..9

HIGHLIGHTED PATENTS AND ANALYSIS………………………………………………………………….10

PATENT LIST…………………………………………….……………………………………………………..………14

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OFFERING INFORMATION & BIDDING PROCESS

This Avago Technologies Patent Portfolio is currently offered for sale by Intellectual Asset Group, LLC.

The evaluation period for the assets begins upon receipt of this offering and will continue until approximately February 1, 2011. Interested parties should promptly advise IAG of the nature and extent of any specific due diligence requests they may require to complete and close the transaction. IAG will formally solicit bids for the patent portfolio and will negotiate with interested parties until mutually acceptable terms are reached. This does not preclude any party from making a bid before the end of the evaluation period and the patent owner reserves the right to sell anytime if an acceptable offer is received.

IAG will keep all parties who have notified IAG of their interest in submitting a bid, or who have submitted a bid, reasonably informed throughout the process. All information on interested parties including bidder names, amounts, terms and the winning bidder, will remain confidential.

CONTACT INFORMATION

Any questions regarding this Patent Sale Offering should be directed to:

Paul Schwartz Adam Rosenzweig Intellectual Asset Group, LLC Intellectual Asset Group, LLC

31555 West Fourteen Mile Road 31555 West Fourteen Mile Road Suite 215 Suite 215 Farmington Hills, MI 48334 Farmington Hills, MI 48334

TEL: 248.470.8910 TEL: 248.497.3252 [email protected] [email protected]

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OPPORTUNITY DESCRIPTION

The successful bidder of this Portfolio will obtain more than 50 assets (including 24 issued U.S. patents) directed to OLED technology including: Manufacturing, Patterning, Applications, and Flexible Devices that we believe will be relevant to the mobile phone, computing, display, and consumer electronics markets for years to come.

Avago Technologies (“Avago”) has been a leading global technology company for nearly half a century. Avago was an earlier innovator within Hewlett Packard Company and established itself as a leading semiconductor company. Today, Avago is a leading designer, developer and global supplier of a broad range of high performance analog semiconductor devices, mixed-‐signal and optoelectronic components. Avago’s product portfolio is extensive and includes approximately 6,500 products in four primary target markets: wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals. Avago is well positioned to be a technology leader with its more than 5,000 worldwide patents and patent applications in technology areas including: LED, fiber optics, ASICs, Optical Sensors, RF, Octocouplers, ICs, and Transistors.

Five patents: U.S. Patent 5,872,355, “Electroluminescent Device and Fabrication Method for a Light Detection System”; U.S. Patent 6,137,221, “Organic Electroluminescent Device with Full Color Characteristics”; U.S. Patent 6,146,225, “ Transparent, Flexible Permeability Barrier for Organic Electroluminescent Devices”; U.S. 6,366,017, Organic Light Emitting Diodes with Distributed Bragg Reflector”; and U.S. Patent 6,710,542, “Organic Light Emitting Device with Improved Moisture Seal” highlighted in this Offering have been identified as relevant for implementing OLED and related technologies and applications. Please see the detailed description below.

TECHNOLOGY OVERVIEW

OLED technology has already penetrated the handheld market, and its advantages -‐ stunning contrast, high power efficiency, wider viewing angles, better response time and easy "printing" onto flexible materials -‐ mean it will inevitably seep upwards into larger or more innovative devices. 1

A typical OLED is composed of an emissive layer, a conductive layer, a substrate, and both anode and cathode terminals. The layers are made of organic molecules that conduct electricity. A voltage is applied across the OLED such that the anode is positive with respect to the cathode. This causes a current of electrons to flow through the device from cathode to anode. Thus, the cathode gives electrons to the emissive layer and the anode withdraws electrons from the conductive layer.

1 www.isuppli.com

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The emissive layer then becomes negatively charged, while the conductive layer becomes rich in positively charged holes. Electrostatic forces bring the electrons and the holes towards each other and they recombine. This recombination causes a drop in the energy levels of electrons, accompanied by an emission of radiation whose frequency is in the visible region. A clear, crisp bright image then follows.

OLEDs can be categorized into two main display types: Passive-‐Matrix and Active-‐Matrix. Passive-‐matrix OLED (PMOLED) displays have cathode strips, organic layers and anode strips. The anode strips are arranged perpendicular to the cathode strips. The intersections of the cathode and anode make up the pixels where light is emitted. External circuitry applies current to selected anode and cathode strips, determining which pixels get turned on and which pixels remain off. The brightness of each pixel is proportional to the amount of applied current.

In Active-‐matrix OLED (AMOLED) displays, full layers of cathode, organic molecules and anode are present, but the anode layer overlays a thin film transistor (TFT) array that forms a matrix. The TFT array itself is the circuitry that determines which pixels get turned on to form an image.

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MARKET LANDSCAPE AND IMPACTED REVENUE

Technologists are predicting strong growth for the overall OLED market in the next 10 years as the use of OLEDs in a wide array of applications that include mobile phone displays, TVs, digital cameras, lasers, organic semiconductors, test equipment, light detectors, printers, fax machines, scanners, and several other consumer electronics devices is expected to rise. IAG has identified two market segments relevant to this Portfolio: OLED – Display Manufacturers and Consumer Electronics Vendors.

(1) OLED - Display Manufacturers. The display market is being shaped by the advent of new technology and the integration of brighter, lighter, thinner and energy efficient panels into consumer electronic devices. Market leaders include: Samsung, CDT, Idemitsu Kosan, eMagin, TDK, MicroEmissive Displays, Wintek, Ritek, Sumitomo, Universal Display, MagnaChip Semiconductor, Leadis, MBraun, Solomon Systech and BASF.

(2) Consumer Electronics Vendors. The consumer electronics business has been marked by steady growth and profitability due to increasing demand for devices incorporating next generation technologies. The many uses for OLED technology in mobile phones, mobile computing devices, printers, scanners, displays, photocopiers, cameras and other consumer electronics devices will continue to drive this market forward. Multiple vendors participate in this market segment including: Kodak, Panasonic, Sharp, Toshiba, Sony, NEC, Samsung, LG, Canon, HP, Xerox, Epson, Pioneer, Nokia, Apple, Sony Ericsson, RIM, Sony, and HTC.

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2010 2011 2012 2013 2014 2015 2016 2017 2018

Revenue ($ Billions)

Worldwide OLED Revenue Forecast

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MARKET PARTICIPANTS INCLUDE:

*The above design logos are trademarks of their respective names and/or companies with which they are associated. The owners are not affiliated, associated, or connected with IAG or Avago Technologies, nor do the owners sponsor, endorse, authorize or approve of any products or services of Avago Technologies or IAG, or have any responsibility for this Patent Sale Offering, patent sale or the identified patents.

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PORTFOLIO OVERVIEW

This Patent Sale Offering contains over 50 (including 24 US patents) worldwide assets grouped into three categories: OLED Manufacture, OLED Patterning, Flexible OLEDs and Other Devices. A brief summary of the technology areas covered by the patents in this Portfolio follows below.

• Manufacture: The OLED manufacturing process is continuously evolving with an eye toward producing thinner and lighter displays, improving display brightness and illumination, and new sealing techniques to decrease permeability of water and oxygen.

• Patterning: In the construction of a pixilated OLED, the transparent electrode is usually patterned in strips running in a single direction. After placement of the organic layers, the final electrode is patterned in strips in the orthogonal direction. More advanced techniques of patterning are necessary to prevent the exposition of water and hydrogen to the cathode in order to prevent degradation. The market is also focused on methods to improve the quality of multi-‐color displays, expand the choice of films used to create the pattern, and reduce the cost of fabrication.

• Flexible and Other Devices: OLEDs may be fabricated on flexible plastic substrates as opposed to glass substrates leading to OLED roll-‐up display fabrications to be used in electronics and other devices. The substrate used can be flexible, such as polyethylene terephthalate (PET), and thus the displays can be produced inexpensively. Another advantage is the flexible display does not break as easily, an important attribute for mobile and automobile applications.

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HIGHLIGHTED PATENTS AND ANALYSIS

Country App. No. Filing Date

Patent No. Reg. Date Title

US 08/833,815 April 9, 1997 5,872,355 February 16, 1999

Electroluminescent device and fabrication method for a light detection system

US 09/111,474 July 8, 1998 6,137,221 October 24, 2000

Organic electroluminescent device with full color characteristics

US 09/126,689 July 30, 1998 6,146,225 November 14, 2000

Transparent, flexible permeability barrier for organic electroluminescent devices

US 09/353,709 July 14, 1999 6,366,017 April 2, 2002

Organic light emitting diodes with distributed bragg reflector

US 10/212,638 August 3, 2002

6,710,542 March 23, 2004

Organic light emitting device with improved moisture seal

US Patent 5,872,355

Title: Electroluminescent Device and Fabrication Method for a Light Detection System

U.S. Patent 5,872,355, “Electroluminescent Device and Fabrication Method for a Light Detection System,” was filed on April 9, 1997 and is directed towards illumination-and-detection devices for light detection systems.

The ’355 patent discloses a system to overcome non-illumination at the edges of conventional display panels by patterning the electrodes in the OLED. The layer stacks are sealed airtight

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with a second transparent substrate that provides a moisture-proof seal. Since the active layers are protected from permeability of water and oxygen without the need for a seal on the edge of the emission region, a greater intensity in the radiation region is available. Thus, the brightness of the source can be reduced without losing surface illumination, and in turn the life of the lighting source is lengthened.

US Patents 6,137,221

Title: Organic Electroluminescent Device with Full Color Characteristics

U.S. Patent 6,137,221, “Organic Electroluminescent Device with Full Color Characteristics,” was filed on July 8, 1998 and focuses on improving organic light emitting diodes for use in matrix-‐addressed displays.

The ‘221 patent discloses a method for printing color conversion layers on thin, flexible polyethylene terephtalate (PET) substrates on opposite sides to an indium tin oxide (ITO) anode film. The result is lower production costs and improved wide angle color purity in flexible thin displays.

US Patent 6,146,225

Title: Transparent, Flexible Permeability Barrier for Organic Electroluminescent Devices

U.S. Patent 6,146,225, “Transparent, Flexible Permeability Barrier for Organic Electroluminescent Devices,” was filed on July 30, 1998 and is directed to an enhanced method for sealing an organic light emitting display in order to improve the lifetime of the display.

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Display devices need to be properly sealed to avoid water and oxygen from reaching the cathode and polymer layers. However, polymers with low permeability to water and oxygen are not available. Therefore, a sealant coating needs to be applied to the polymer and cathode layers in order to prevent destruction by water and oxygen. One method to achieve the desired permeability is the Polymer Multilayer (PML) technique. In this method, a layer of polymer and a layer of aluminum oxide are applied to the flexible PET substrate for sealing. This improves resistance in permeation to water and oxygen by three to four times. However, the films are not resistant enough to permeability and thus lifetime of the OLED is still insufficient.

The ‘225 patent discloses a method to prevent device water and oxygen permeation. The method includes placing a barrier between the device and source, placing an inorganic layer of the first polymer layer by plasma enhanced chemical vapor deposition using an electron cyclotron resonance source (ECR-‐PECVD), and a second polymer layer on the inorganic layer. Furthermore, a second barrier layer can be placed between the inorganic layer and the device to further prevent the passage of oxygen and water. The method is sought to be 40 more times effective than PET.

US Patent 6,366,017

Title: Organic Light Emitting Diodes with Distributed Bragg Reflector

U.S. Patent 6,366,017, “Organic Light Emitting Diodes with Distributed Bragg Reflector,” was filed on July 14, 1999 and discloses a method for fabrication of novel structures for organic light emitting diodes.

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A typical organic light emitting device (OLED) is produced on a transparent substrate and radiated through the substrate to create light and consists of a glass substrate, a transparent anode layer, a hole transport layer, an electron transport layer, and a metallic cathode layer. In most cases, the electron transport layer is also the emission layer. As light passes through the transparent substrate, a substantial portion of light is wave-‐guided laterally and “lost” through the glass substrate. This decreases the perceived brightness of the OLED in the forward direction.

The ‘017 patent discloses an OLED that avoids the light guiding losses in the out-‐coupling of OLED emitted light within the glass substrates by using an opaque substrate such as silicon. The patent discloses a reflective electrode, an organic active layer providing electroluminescence, a transparent organic electrode and a distributed Bragg reflector (DBR). Initially, light from the active layer is directed backward and then reflected by the reflective layer increasing the brightness of the diode in the forward direction.

US Patent 6,710,542

Title: Organic Light Emitting Device with Improved Moisture Seal

U.S. Patent 6,710,542, “Organic Light Emitting Device with Improved Moisture Seal,” was filed on August 3, 2002 and discloses an improved method for sealing an organic light emitting display to enhance display lifespan.

The ‘542 patent discloses a device comprised of a substrate that is impermeable to water and oxygen and contains a first electrode in contact with an electroluminescent layer. A second electrode is also in contact with the electroluminescent layer and is protected from permeation of water and oxygen by a seal comprised of silicon nitride and a layer of epoxy.

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PATENT LIST

Country App. No. Filing Date

Patent No.

Reg. Date Title Category

US 08/463,141 June 6, 1995

5,629,389 May 13, 1997

Polymer-‐based electroluminescent device with improved stability

Manufacture

US 08/571,566 December 13, 1995

5,700,592 December 23, 1997

Electroluminescent materials for edge emitters

Flexible & Other Devices

US 08/508,020 July 27, 1995

5,719,467 February 17, 1998

Organic electroluminescent device

Manufacture

US 08/610,174 March 4, 1996

5,811,931 September 22, 1998

Capped edge emitter


US 08/833,815 April 9, 1997

5,872,355 February 16, 1999

Electroluminescent device and fabrication method for a light detection system

Patterning

US 08/687,011 July 16, 1996

5,902,688 May 11, 1999

Electroluminescent display device

Patterning

US 08/757,864 November 27, 1996

5,942,284 August 24, 1999

Growth of electroluminescent phosphors by MOCVD

Manufacture

US 08/813,962 March 3, 1997

5,965,280 October 12, 1999

Patterned polymer electroluminescent devices based on microlithographic processes

Patterning

US 09/059,608 April 13, 1998

6,111,356 August 29, 2000

Method for fabricating pixelated polymer organic light emitting devices

Manufacture

US 09/111,474 July 8, 1998

6,137,221 October 24, 2000

Organic electroluminescent device with full color


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characteristics US 09/126,689 July 30,

1998 6,146,225 November

14, 2000 Transparent, flexible permeability barrier for organic electroluminescent devices


US 09/401,666 September 22, 1999

6,294,245 September 25, 2001

Method for depositing electrically conducting polymer films via electrochemical deposition of precursor polymers

Patterning

US 09/353,709 July 14, 1999

6,366,017 April 2, 2002

Organic light emitting diodes with distributed bragg reflector

Manufacture

US 09/428,338 October 27, 1999

6,392,617 May 21, 2002

Active matrix light emitting diode display


US 09/919,072 September 11, 2001

6,533,918 March 18, 2003

Method for depositing electrically conducting polymer films via electrochemical deposition of precursor polymers

Patterning

US 09/401,665 September 22, 1999

6,552,101 April 22, 2003

Processor polymers for the electrochemical deposition of electrically conducting polymer films

Patterning

US 09/382,025 August 24, 1999

6,552,488 April 22, 2003

Organic electroluminescent device

Manufacture

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US 09/401,691 September 22, 1999

6,627,331 September 30, 2003

Electroluminescent display based on electrochemically deposited polymer films and a method for constructing

Patterning

US 09/814,381 March 21, 2001

6,680,570 January 20, 2004

Polymer organic light emitting device with improved color control

Manufacture

US 10/212,638 August 3, 2002

6,710,542 March 23, 2004

Organic light emitting device with improved moisture seal

Manufacture

US 09/197,012 November 20, 1998

6,713,955 March 30, 2004

Organic light emitting device having a current self-‐limiting structure

Manufacture

US 10/327,285 December 19, 2002

6,803,097 October 12, 2004

Composite film made of particles embedded in a polymer matrix

Patterning

US 09/098,190 June 16, 1998

6,965,361 November 15, 2005

Method of manufacture of active matrix addressed polymer LED display

Manufacture

US 10/821,087 April 8, 2004

7,148,516 December 12, 2006

Color-‐tunable light emitter

Manufacture

US APP.

11/222,205 20060007076

September 7, 2005

Active matrix addressed polymer LED display

Manufacture

US APP. 11/102,076

20060226429

April 08, 2005

Method and apparatus for directional organic light emitting diodes

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ABOUT INTELLECTUAL ASSET GROUP, LLC

Intellectual Asset Group (IAG) is the premier intellectual property (IP) transactions and development company. IAG establishes close, long-‐term relationships with global technology companies, research institutions, and private equity firms to capitalize and/or enhance their respective patents and technology. We take the lead in identifying, creating, and implementing client-‐specific license, sale, and acquisition programs as well as stand-‐alone spinout ventures to attain the highest return for our clients. IAG has a proven track record of identifying and transforming idle intellectual assets into tangible revenue by matching the technical and financial needs of the transacting parties.

31555 West Fourteen Mile Road ⋅ Suite 215 ⋅ Farmington Hills ⋅ MI ⋅ 48334 ⋅ Phone: 248.432.2602

www.iagroupus.com

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Avago OLED Patent Sale Offering - IAG