July 12, 2012, Hsinchu, Taiwan – E Ink® Holdings (8069.TW), the leading developer and marketer of electronic paper display technologies and FFS LCD technologies, today announced that the company and its South Korean subsidiary Hydis Technologies, have each signed a patent cross-licensing agreement for TFT LCD products with Sharp Corporation of Japan.

Under the terms of each Agreement, which will be in effect for ten (10) years, the two parties will be able to use certain proprietary technologies of the other in the manufacturing of LCDs. The agreements make provision for the payment of patent licensing royalty. In addition, during the effective period of the Agreements, the two sides will maintain patent peace to exempt each Company and their customers' operations from patent interference and allow each of the parties to focus on business development.

Hydis’ Fringe Field Switching (FFS) technology is currently used in LCD-based tablet PCs, smart phones, and other high-end handheld devices. LCDs using FFS technology provide users with a wide viewing angle, high contrast, high-resolution display with the benefit of lower power consumption and is superior to other similar wide viewing angle technologies in the market. Hydis FFS technology has been licensed to other prominent LCD manufacturers in the past, and these new agreements will continue to broaden the use of the technology. Future applications of the FFS technology include notebook computers and television, markets in which the potential growth for utilizing Hydis’ FFS technology remain huge.

“We are very excited about these agreements with Sharp,” stated Scott Liu, Chairman of E Ink Holdings. “FFS technology can greatly enhance a user’s LCD experience, and licensing to other leading LCD makers will allow us to reach new markets and customers.”