Universal Display Corporation (Nasdaq: OLED), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, today announced the signing of an OLED
Technology License Agreement and Supplemental Material Purchase
Agreement with Tianma Micro-electronics Co. Ltd. 天马微电子股份有限公司
(SZ.000050), a leading Chinese small-and medium-size display panel
manufacturer. The agreements run for five years.
Tianma is a leading player in AM-OLED technology and series
production capacity in domestic China. In late May, Tianma
demonstrated its latest OLED advances with a number of display
prototypes at Display Week 2016 International Symposium, Seminar
and Exhibition. Tianma has a Gen 5.5 AM-OLED line in Shanghai,
which started producing AM-OLED modules for intelligent mobile
terminals to brand clients this year. Tianma is also increasing its
OLED investments to ramp up capacity for commercial mass
production.
“We are very pleased to enter into these license and supply
agreements with Tianma Micro-electronics, an early OLED developer
and key Chinese display maker,” said Steven V. Abramson, President
and Chief Executive Officer of Universal Display. “Tianma has been
at the forefront of OLED R&D in China for a number of years,
and we look forward to working with Tianma to advance their
commercial OLED product pipeline with our proprietary OLED
technologies and materials. Around the world, we believe that OLED
research, development and investment activities are gaining
tremendous ground, as consumer demand for cutting-edge,
fast-response, thin, energy-efficient displays continues to rise,
in products such as smartphones, wearables, tablets and
automotive.”
Under the license agreement, Universal Display, through its
wholly-owned subsidiary UDC Ireland Limited, has granted Tianma
Micro-electronics non-exclusive license rights under various
patents owned or controlled by Universal Display to manufacture and
sell OLED display products. Additionally, Universal Display will
supply phosphorescent OLED materials to Tianma Micro-electronics
for use in its licensed products.
About Universal Display Corporation
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 4,100 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 white 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.
Universal Display Corporation and the Universal Display logo are
trademarks or registered trademarks of Universal Display
Corporation. All other company, brand or product names may be
trademarks or registered trademarks. To learn more about Universal
Display, please visit http://www.oled.com.
About Tianma Micro-electronics Co. Ltd.
Tianma Micro-electronics Co., Ltd (Tianma) specializes in
providing optimized display solutions and efficient support
services worldwide. Tianma was established in 1983 and publicly
listed on the Shenzhen Stock Exchange (SZ. 000050) in 1995.
Tianma is committed to providing leading technology and quality
displays to Consumer and Professional Display industries for
applications including smartphone, tablet PC, smart wear,
automotive display, industrial and medical instrumentation,
aviation and home automation. In order to meet various demands from
our customers in industrial market, we offer optimal products and
solutions with dual-brand strategy (TIANMA and NLT). Tianma is
committed to continuous technology innovation, superior customer
service, and right products for different applications.
In 2015, Tianma continued to be a world leader in shipments of
small and medium size modules. Our market shares for high-end
medical devices, avionics, and marine products also ranked first in
the world. Many top tier customers have chosen Tianma displays for
their new product releases globally.
Our new technologies in LTPS-TFT, AM-OLED displays, Oxide-TFT,
Flexible displays, 3D displays, Transparent displays, and
In-cell/On-cell integrated touch, set the foundation for innovation
and development of new and exciting products.
Tianma has established a National R&D Laboratory on key
materials and technologies for TFT-LCD, a National Enterprise
Technology Center, and a Post-Doctoral Workstation to enhance the
knowledge and technical expertise of our employees. We also
undertake multiple major national projects from the National
Development and Reform Commission, Ministry of Science and
Technology, and Ministry of Industry and Information
Technology.
We have a comprehensive production line combination including
G4.5/G5 a-Si TFT-LCD, G5.5 LTPS TFT-LCD and G5.5 AM-OLED in
production, new G6 LTPS TFT-LCD line in Xiamen is ready for mass
production and another new G6 LTPS AMOLED line in Wuhan under
construction. These enable Tianma to achieve the highest possible
level of product quality and supply capability. In our G5.5 LTPS
line in Xiamen, Tianma was the first to start mass production and
the first to achieve 100% capacity among the G5.5 LTPS lines in
China.
We have manufacturing facilities in Shenzhen, Shanghai, Chengdu,
Wuhan, and Xiamen, China as well as in Akita, Japan. In addition,
we have well-established global sales and technical support
network, including branch offices in the United States, Germany,
Japan, Korea, Taiwan, and Hong Kong, to ensure seamless global
support to our customers.
With our professional talents, technology innovations, and
production capacities, Tianma will continue to focus on serving the
worldwide display markets. With our core values of “Passion,
Effectiveness, Win-Win” and our mission of “To Create Colorful
Life”, Tianma is dedicated to be the world’s well-respected leading
display company.
All statements in this document that are not historical, such as
those relating to Universal Display Corporation’s technologies and
potential applications of those technologies, the Company’s
expected results as well as the growth of the OLED market and the
Company’s opportunities in that market, are forward-looking
financial statements within the meaning of the Private Securities
Litigation Reform Act of 1995. You are cautioned not to place undue
reliance on any forward-looking statements in this document, as
they reflect Universal Display Corporation’s current views with
respect to future events and are subject to risks and uncertainties
that could cause actual results to differ materially from those
contemplated. These risks and uncertainties are discussed in
greater detail in Universal Display Corporation’s periodic reports
on Form 10-K and Form 10-Q filed with the Securities and Exchange
Commission, including, in particular, the section entitled “Risk
Factors” in Universal Display Corporation’s annual report on Form
10-K for the year ended December 31, 2015. Universal Display
Corporation disclaims any obligation to update any forward-looking
statement contained in this document.
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version on businesswire.com: http://www.businesswire.com/news/home/20160804006359/en/
Universal Display CorporationDarice Liu, 609-671-0980
x570investor@oled.commedia@oled.com
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