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Martin Professional A/S and G-LEC Europe GmbH have entered into a
licensing agreement that allows Martin Professional and its affiliated
companies to manufacture, market and sell the Martin LC Series of LED
video screens world wide.
G-LEC is a market leader in the development of transparent LED video
display technology and the licensing agreement allows Martin
Professional to use G-LEC's LED patents and utility models covering
Martin's LC 2140 and the LC 1140 LED video screens. The agreement also
includes the setting up of a technology cooperation regarding the
development of successors to the licensed products.
The agreement allows Martin to apply its market expertise and worldwide
distribution reach to the market opportunity for LED video screens. "We
are extremely pleased to have entered into this agreement with G-LEC,"
commented Lars Dige, Chief Financial Officer at Martin Professional A/S.
"This represents our entrance into the potentially huge market for
transparent LED video screens and allows us to now market our LC Series
aggressively.
"This is an important step into a new world of possibilities in the
worldwide market for LED video screens and brings G-LEC's transparent,
modular frame technology to a wider market. We see great potential in
this cooperation. This product only covers a portion of the market
potential for LED video screens however. It is our intention to expand
upon this cooperation and further develop opportunities for LED video
screens."
Lars Wolf, Managing Director at G-LEC, stated, "This agreement is an
important acknowledgement of our patent portfolio for transparent LED
graphic displays. G-LEC offers a wide range of products to suit very
large scale LED video displays and our products department continues to
develop custom installations for fixed markets. However, the strength of
the Martin brand name, their well-developed distribution network and
worldwide market reach will further develop the market for our products
and we see great potential in this cooperation."
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