Universal Display Corporation of Ewing, New Jersey USA, a maker of displays and lighting with its UniversalPHOLED® technology and materials, reported that the company has reached an OLED evaluation agreement with EverDisplay Optronics (Shanghai) Limited (和辉光电). Under the agreement, Universal Display (UDC) will supply its UniversalPHOLED phosphorescent OLED materials for display applications to EverDisplay Optronics (EDO). The agreement details and financial terms were not disclosed.
EverDisplay to Utilize Universal Display PHOLED Material
According to EverDisplay Optronics, it plans to use Universal Display’s UniversalPHOLED OLED materials to improve the performance of its AMOLED display product.
“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,” said Dr. Jr-Hong Chen, Chief Technology Officer of EverDisplay Optronics (Shanghai) Limited.
Steven V. Abramson, President and CEO of Universal Display Corporation commented, “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.”