Seoul Semiconductor Obtains Permanent Injunction Against LED Lighting Products Made by Philips Brand Lighting Affiliate in Germany

Seoul Semiconductor Co., Ltd. (“Seoul”) (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that it has successfully obtained a permanent injunction and destruction in a patent litigation against Leuchtstark Vertriebs GmbH for infringement of Seoul’s patents in Germany.

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The world’s first 2nd generation LED technologies of Seoul Semiconductor (Graphic: Business Wire)

Infringing products are LED light bulbs manufactured by Klite lighting, a subsidiary of Signify – formerly Philips Lighting. In other recent litigations, Seoul has obtained two permanent injunctions against Philips brand television products as well.

The District Court of Düsseldorf also ordered the distributor to recall infringing products sold after October 2017 from commercial customers and to destroy those products.

“To enjoy benefits of the 2nd generation technology, Seoul’s intellectual property is absolutely necessary,” said Chung Hoon Lee and Young Joo Lee, CEOs of Seoul. “Seoul has a patent license relationship with Nichia Corporation and NS only and has no other such a relationship with Korean or U.S. LED companies,” they added.

About Seoul Semiconductor
Seoul Semiconductor is the world’s second-largest global LED manufacturer, a ranking excluding the captive market, and has more than 14,000 patents. Based on a differentiated product portfolio, Seoul offers a wide range of technologies, and mass produces innovative LED products for indoor and outdoor lighting, automotive, IT products, such as mobile phone, computer displays, and other applications, as well as the UV area. The company’s world’s first development and mass production products are becoming LED industry standard and leading the global market with a package-free LED, WICOP; a high-voltage AC-driven LED, Acrich; an LED with 10X the output of a conventional LED, nPola; a cutting edge ultraviolet clean technology LED, Violeds; an all direction light emitting technology, filament

TigerWit Expands Services with the Launch of Global Affiliate Program

Leading Fintech service provider, TigerWit has today announced the launch of its flagship Global Affiliate Program to build on its recent expansion. The new program will enable affiliate partners to benefit from the innovative trading technology that the company has developed, offering clients instant access to a wide range of financial products including FX, commodities, cryptocurrencies, and equity CFDs.

To ensure that affiliate partners can rely on the most advanced tracking, reporting and payment systems, TigerWit partnered with Impact, the world’s leading partnership automation solution. After their simple and speedy onboarding, affiliates will have the ability to accurately track all events across all devices with complete transparency and will receive up to $1,200 per client that joins TigerWit.

TigerWit will welcome a diverse range of partners including affiliates, social media influencers, publishers and more, and has developed a methodology of providing partners with a bespoke service that will suit their individual needs and assist in developing the partnership and maximise their business opportunities. Partners will be able to rely on multilingual support for any of their affiliate needs and will also receive a wide range of marketing materials that have been tested and optimised to convert traffic that they bring to the platform.

Upon the launch of the program, Affiliate Marketing Manager, Ruxandra Dughie was quoted as saying “I am delighted to see our new Global Affiliate Program go live today. We fully embrace the value of diverse partnerships, and we look forward to welcoming and rewarding new global partners. Our aim is to build a robust partnership program by expanding, diversifying, and strengthening new and existing partnerships. We have selected to partner with Impact for its unparalleled technology and platform flexibility in terms of contracts, commissions and payments and we look forward to leveraging these capabilities globally”.

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