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LG Electronics licenses multi-dimensional bar code tech from Vdata

Posted: 07 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:LG Electronics? Veritec Inc.? PDP? bar code? PDP?

South Korea's LG Electronics Ltd entered into an agreement with Vdata LLC to license the latter's multi-dimensional bar code technology patented by Veritec Inc. Vdata is a wholly owned subsidiary of Acacia Research Corp.

The bar code technology generally relates to generating, encoding, capturing the image of, and decoding a data matrix consisting of an array of data cells with a border. The data matrix can contain a variety, amount and depth of information that would not fit onto an ordinary bar code.

The patented technology has applications in which machine readable collection and storage of data adds value to the user, including inventory control, automated manufacturing, tracking and distribution of goods, document management, security and secured transactions.

LG Electronics also recently announced that it has started production at its $44 million PDP module plant in Reynoso, Mexico which will have a monthly production capacity of 60,000 units. The company also has PDP module plants in Poland and China, with production capacity of 60,000 and 100,000 units, respectively. LG Electronics plans to boost production volume to 100,000 units at its plants based in Mexico and Poland.

Furthermore, LG Electronics has spent $215.84 million this year to build PDP production lines at home which it has supplied to its overseas plants.

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