TOKYO (Nikkei)--Canon Inc. (7751.TO) will purchase a flat-panel display patent from U.S. firm Candescent Technologies Corp. for about Y1.3 billion as part of efforts to bring to market in 2005 a television featuring an SED (surface conduction electron emitter display), The Nihon Keizai Shimbun reported in its Thursday morning edition.
Canon, which is jointly developing the SED TV with Toshiba Corp. (6502.TO), is seeking to acquire related patents beforehand to gain an edge in display operations.
Candescent Technologies holds a basic patent for the ThinCRT flat-panel display, which consumes less power than LCD (liquid crystal display) or plasma displays. Canon's SED is the same type of flat panel, requiring less than half the power needed for a plasma display.
The U.S. display developer filed for bankruptcy because of lackluster business, and Canon had sought to purchase a portion of the firm's assets.