This agreement aims to support EverDisplay Optronics as they move towards the commercialisation of OLED displays
Universal Display Corp. has announced an OLED evaluation agreement with EverDisplay Optronics (Shanghai) Limited.
Under this agreement, Universal Display (UDC) will supply EverDisplay Optronics (EDO) with its proprietary UniversalPHOLED phosphorescent OLED materials for display applications.Details and financial terms of the agreement have not been disclosed.
"Universal Display Corporation is a leading OLED material supplier, and we are glad to cooperate with them to further enhance the performance of our AMOLED product at this stage. We believe that both UDC and EDO will continue to work closely together on a mutually beneficial basis."
Dr. Jr-Hong Chen, Chief Technology Officer of EverDisplay Optronics (Shanghai) Limited
"We are pleased to partner with emerging Chinese OLED manufacturer EverDisplay Optronics."
"OLEDs are inherently bright, beautiful, brilliantly colorful and simple devices, and we believe that consumer adoption is in its early stage. As EDO continues to commercialize its portfolio of advanced OLED displays, we look forward to supporting them with our state-of-the-art, highly-efficient, high-performing proprietary UniversalPHOLED materials."
Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation
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 Everdisplay Optronics
EverDisplay Optronics (Shanghai) Limited (EDO), incorporated in October 2012 and located in Jinshan, Shanghai, is a high-tech company dedicated to mass production of small-to-medium AMOLED display and research of next generation technology. EDO has invested 7.05 billion RMB (1.1 billon USD) and built the first G4.5 LTPS AMOLED mass production line in China.
To further expand mass production scale, EDO is building a G6 AMOLED production line. EDO focuses on AMOLED technology and small-to-medium display market. Bearing the corporate spirit of "Courage, Integrity, Wisdom and Modesty", EDO encourages innovation and independence, and is dedicated to bringing the best AMOLED display to the Chinese market. As a Chinese AMOLED front runner, EDO has started a new AMOLED era in China.
Source: Everdisplay Optronics
