Dow and Osram Sign Supply Agreement

MIDLAND, Mich., March 4 -- The Dow Chemical Co. and Osram Opto Semiconductors Inc. have signed a commercial supply agreement for Lumation light-emitting polymers (LEPs) for use in Osram's Pictiva polymeric light-emitting diode (pLED) display modules. Although specific terms of the agreement were not made public, the companies said the multiyear deal provides a flexible, self-adjusting pricing structure for the two companies.

"Reaching agreement with Osram for the commercial supply of Lumation LEPs is a major milestone for our business," said Rob Spurling, business director of the Display Technologies Group of Dow's Advanced Electronic Materials business. "We are elated to extend our commitment to Osram's success by sharing in both the market risks and benefits of the emerging pLED display industry."

"This agreement squarely aligns Dow's focus with Osram's success in building our Pictiva display business," said Joe Carr, president and CEO of Osram Opto Semiconductors Inc. "It will help us address supply chain pricing pressure as our end markets become more competitive by automatically adjusting our polymer pricing as changes occur in the market pricing of our display products."

pLEDs are a new display technology platform for producing bright, high-contrast, low-voltage emissive displays; Osram said they provide advantages over incumbent display technologies, such as traditional liquid-crystal displays. LEPs such as those produced by Dow are the critical light-emitting material in a pLED display.

For more information, visit: www.dowlumation.com