BOE Technology Group and Universal Display Corporation Enter into Long-Term OLED Agreements
December 07 2017 - 4:15PM
Business Wire
Universal Display Corporation (Nasdaq: OLED), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, today announced the signing of long-term
OLED Agreements with BOE Technology Group Co., Ltd. (京东方), a global
leader in semiconductor display industry as well as an IoT company
providing intelligent interface products and professional services
for information interaction and human health.
Under the agreements, UDC will supply phosphorescent OLED
materials to BOE Technology for use in its products through its
wholly-owned subsidiary UDC Ireland Limited, together propelling
the development of the OLED industry.
“We are extremely pleased to extend our strong partnership with
BOE Technology, and enter into these long-term agreements,” said
Steven V. Abramson, President and Chief Executive Officer of
Universal Display. “BOE has paved extraordinary paths in the
display market, fortified its position as a leading global
manufacturer and propelled China to be a major force in the display
landscape. Continuing to stretch the frontiers of the
extraordinarily dynamic display industry, BOE recently commenced
mass production of China’s first Gen 6 flexible AMOLED production
line in Chengdu and its other Gen 6 flexible AMOLED line in
Mianyang is slated for production in 2019. As a key enabler of
highly-efficient, cost-effective and proprietary phosphorescent
OLED technology and material solutions, we look forward to further
strengthening our innovative collaborations with BOE.”
About BOE Technology Group Co., Ltd. (京东方)
Founded in Beijing, April 1993, BOE Technology Group Co., Ltd.
is a world leader in semiconductor display industry, as well as an
IoT company providing intelligent interface products and
professional services for information interaction and human health.
BOE’s three core businesses are Display and Sensor Devices, Smart
Systems and Healthcare Services. BOE’s display products are widely
used in a broad spectrum of applications such as mobile phone,
tablet, notebook, monitor, TV, vehicle display, digital information
display, healthcare, finance and wearable devices. According to the
market data as of 2017 Q3, BOE’s global market share of TFT-LCD
panels for mobile phone, tablet and notebook rank No.1, panels for
monitor and TV rank No.2. Smart Systems provide IoT integrated
solutions for various industries such as new retail,
transportation, finance, education, art, medical care, etc.
Healthcare Services combine medicine and life science, and is
committed to developing mobile healthcare, digital hospitals,
regenerative medicine and integrating BOE healthcare park
resources.
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 4,500 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.
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, 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:Darice Liu, 609-671-0980
x570investor@oled.commedia@oled.com
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