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Saturday, 20 Jan 2018

Universal Display in discussions with Samsung to renew patent licence and materials purchase agreement

Universal Display intends to provide an update once a resolution to these discussions is completed, although no time frame has been established for the completion of these discussions


2 Jan 2018 | Editor

Universal Display has filed with the SEC that the OLED Patent License Agreement between Universal Display Corporation (the Registrant) and Samsung Display Co., Ltd (SDC) (as the assignee of Samsung Mobile Display Co., Ltd. (SMD)), as well the Supplemental OLED Material Purchase Agreement between the Registrant and SDC (as the assignee of SMD), both dated as of August 22, 2011, expired in accordance with their terms on December 31, 2017.

The Registrant and SDC are engaged in on-going discussions regarding a formal long-term extension of these agreements. The Registrant expects the parties to continue to conduct business during these discussions. The Registrant intends to provide an update once a resolution to these discussions is completed. No time frame has been established for the completion of these discussions.

www.udcoled.com    www.samsung.com   

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