LOS ANGELES--(BUSINESS WIRE)--June 1, 2004--ORFID Corporation, a company developing enabling organic electronic technology, announced today that it has signed a licensing agreement with The Regents of the University of California for two issued patents for organic electronics technology invented at the University of California, Los Angeles (UCLA).

"We are very excited to have reached agreement with The Regents to license technology that adds two important patents to ORFID's growing intellectual property portfolio," said Jonathan G. Lasch, Ph.D., Chairman and CEO of ORFID. Dr. Lasch said, "These patents cover both a process for inkjet printing organic semiconductor devices as well as the devices and systems that are produced using the inkjet printing technology. With this new licensing deal, ORFID's technology base now covers a broader array of organic semiconductor manufacturing processes, devices and components, enabling us to pursue markets and applications ranging from flexible, thin-film organic displays to smart labels and sensors."

The two patents were invented in the laboratory of Professor Yang Yang of the UCLA Henry Samueli School of Engineering and Applied Science. Prof. Yang is a co-founder of ORFID.

Dr. Andrew Neighbour, Associate Vice Chancellor for Research and Executive Director of the Office of Research Administration at UCLA, said, "As a world leader in research including materials science, organic electronics and nanotechnology, UCLA attracts tremendous interest from large corporations and start-up companies seeking to commercialize ground-breaking technologies invented by our faculty members. Our office is pleased to have played an active role in securing a licensing agreement with ORFID for technology invented on our campus."

The first patent covered under the license is entitled "Process for fabricating organic semiconductor devices using inkjet printing technology and device and system employing same." This patent provides a process for fabricating organic semiconductor devices using hybrid inkjet printing technology.

The second patent is entitled "Organic seminconductor devices using inkjet printing technology and device and system employing same." This patent specifies organic semiconductor devices such as Light Emitting Diodes (LEDs), Field Effect Transistors (FETs), sensors, and photodetectors processed using hybrid inkjet printing technology.

According to Dr. Lasch, the first ORFID products incorporating the new UCLA technology are still in the early development stages.
"This first licensing agreement with The UC Regents is just the beginning of what we expect to be a very productive relationship with our academic collaborators at UCLA," said Dr. Lasch.

About ORFID Corporation
ORFID is a privately held company developing novel organic electronic devices that are dramatically less costly to manufacture and far more versatile than today's largely silicon-based products. ORFID's technology will enable the manufacture of new products such as electronic smart labels, flexible displays, intelligent packaging, digital textiles, biosensors, and medical devices. The company's suite of technologies for development and processing of organic electronics have the potential to improve substantially the economics of the electronics industry. ORFID is based in Los Angeles and can be found on the web at www.orfid.com.