OSA-Direct
Monday, 16 Jul 2018

Samsung Display and Universal Display enter into long-term OLED agreements

The agreement lasts until Dec 2022 and may be extended until 2024 - no financial details were disclosed

universal display corp

14 Feb 2018 | Editor

Universal Display Corp. has announced the signing of long-term OLED material supply and license agreements with Samsung Display (SDC).

These agreements affirm that Universal Display will continue to supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Samsung Display for use in its OLED displays. The agreements are scheduled to run through December 31, 2022, and may be extended for an additional two-year period.

Financial terms of the agreements have not been disclosed.

"We are pleased to announce the signing of these long-term agreements with our partner Samsung Display."


"Collaborating for over eighteen years, Samsung Display has been at the forefront of the OLED revolution with its vibrant, colorful, and brilliant displays. SDC's ground-breaking innovation and manufacturing leadership are paving new pathways of growth in the display industry, including the advent of new form factors. As Samsung continues expanding its OLED product roadmap and investments, we look forward to supporting its advancements with our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials."
Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation

www.oled.com    www.samsung.com   


About Universal Display Corp

Universal Display Corporation (Nasdaq:OLED) is a leader in developing and delivering state-of-the-art, organic light emitting diode (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the Company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 4,500 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED phosphorescent OLED technology that can enable the development of low power and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training.

Source: Universal Display Corp


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