Universal Display Corporation of Ewing, New Jersey USA announced the signing of long-term OLED material supply and license agreements with Samsung Display Co., Ltd. (SDC). Under the terms of these agreements, Universal Display will continue supplying its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Samsung Display for its OLED displays. The agreements run through December 31, 2022, and can be extended for an additional two-years. Financial terms of the agreements were not disclosed.
“We are pleased to announce the signing of these long-term agreements with our partner Samsung Display,” said Steven V. Abramson, president and CEO of Universal Display Corporation. “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.”