Royole Corp and Universal Display Corp announce an OLED evaluation agreement

Royole aims to develop a flexible electronics technology platform that can potentially serve applications in different market sectors

13 Dec 2017 | Editor

Universal Display Corp. has announced an OLED evaluation agreement with Royole Corp.. Under this agreement, Universal Display (UDC) will collaborate with Royole Corp (Royole). and supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology for Royole’s display applications. Details and financial terms of the agreement have not been disclosed.

In the fourth quarter of 2015, Royole began development and construction on its US$1.7 billion Quasi-G6 fully flexible OLED display fab in Shenzhen, China. The annual capacity of the new production line is slated to be more than 50 million OLED display units, and able to support a large number of applications in consumer electronics, intelligent transportation, smart home appliances, sportswear, fashion, home decor, robotics, education and many other industries.

"Royole aims to develop a flexible electronics technology platform that can potentially serve applications in different market sectors. To address the challenges in this emerging field, Royole has an excellent record of engagement with important industry partners in strengthening our technology, and particularly towards production."

"Universal Display Corporation has been one of the leading developers of high-performance OLED materials, namely phosphorescent emitters. Royole looks forward to collaborating with UDC on OLED materials for applications in our novel flexible electronic products."

Dr. Bill Liu, Chief Executive Officer of Royole Corporation

"We are pleased to form this collaborative relationship with Royole Corporation, an emerging OLED manufacturer of innovative flexible display technologies and applications."

"The brilliant benefits of OLEDs include that ability to manufacture these thin-film layers on plastic, making OLEDs inherently conformable, foldable and roll-able. As Royole continues to commercialize its flexible OLED display technology to enable new form factors and applications, we look forward to supplying them with our highly-efficient, high-performing proprietary UniversalPHOLED materials."

Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation

About Royole

Founded by Stanford engineering graduates in 2012, Royole's mission is to improve the way people interact with and perceive the world. The company creates and manufactures next-generation human-machine interface technologies and products including advanced flexible displays, flexible sensors, and smart devices. Technology milestones include the world's thinnest full-color AMOLED flexible display and flexible sensors (2014), the world's first foldable 3D mobile theater (2015), and the world's first curved car dashboard based on flexible electronics (2016).

Royole has received numerous global awards for its technology innovations and fast growth. Holding over 1,500 IPs, it provides IP licenses, services, and, mass production and solutions for flexible electronics applications. Royole, backed by leaders in global finance, has announced a new 1.1-million-square-foot flexible display production campus in Shenzhen, China with a total investment of USD $1.7B. Royole has offices in Fremont, CA, Hong Kong, and Shenzhen, China.

Source: Royole

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