Universal Display believe that this agreement will strengthen their collaborative bond with JDI for innovative OLED products
Universal Display Corp has announced that the Company and Japan Display Inc. have entered into an extended and updated evaluation agreement.
Under the agreement, Universal Display will supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Japan Display Inc (JDI) for use in the company’s OLED displays. Financial terms of the agreement have not been disclosed.
Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation, said, "We are pleased to enhance our partnership with Japan Display, a world leader in the display industry." Steven added, "OLEDs are transforming the consumer electronic market with bright, beautiful, thin and conformable displays. We believe that this agreement will strengthen our collaborative bond with JDI for innovative OLED products using our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials."
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 4,200 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
About Japan Display Inc
Japan Display Inc. (JDI) is the leading global manufacturer of advanced small- and medium-sized LTPS LCD panels. By leveraging its advanced technologies and the world's largest LTPS production capacity, JDI provides high resolution, low power consumption and thin displays for smartphones, tablets, automotive electronics, digital cameras, medical equipment and other electronic devices.
JDI, which commenced operations in April 2012, was formed through the consolidation of the display panel businesses of Sony, Hitachi and Toshiba. The company's common stock is traded on the Tokyo Stock Exchange with the securities code number 6740.
Source: Japan Display Inc
