Universal Display Corporation Announces an Extended OLED Evaluation Agreement
June 14 2017 - 4:05PM
Business Wire
Universal Display Corporation (Nasdaq: OLED), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, today announced that the Company and
Japan Display Inc. (TSE: 6740), a leading global
small-and-medium-sized panel manufacturer, have entered into an
extended and updated evaluation agreement. Under the agreement,
Universal Display will supply its proprietary UniversalPHOLED
phosphorescent OLED materials and technology to Japan Display Inc
(JDI) for use in the company’s OLED displays. Financial terms of
the agreement have not been disclosed.
“We are pleased to enhance our partnership with Japan Display, a
world leader in the display industry,” said Steven V. Abramson,
President and Chief Executive Officer of Universal Display
Corporation. “OLEDs are transforming the consumer electronic market
with bright, beautiful, thin and conformable displays. We believe
that this agreement will strengthen our collaborative bond with JDI
for innovative OLED products using our highly-efficient,
high-performing proprietary OLED technologies and UniversalPHOLED
materials.”
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 4,200 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. To learn more about Universal
Display Corporation, please visit http://www.oled.com.
Universal Display Corporation and the Universal Display
Corporation logo are trademarks or registered trademarks of
Universal Display Corporation. All other company, brand or product
names may be trademarks or registered trademarks.
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 and future declaration of dividends, 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, 2016. Universal Display Corporation
disclaims any obligation to update any forward-looking statement
contained in this document.
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Universal Display Contact:Darice Liu, 609-671-0980
x570investor@oled.commedia@oled.com
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