Visionox Technology, Inc. and Universal Display Corporation Enter into Long-Term OLED Agreements
June 11 2018 - 04:05PM
Business Wire
Universal Display Corporation (Nasdaq: OLED), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, and Visionox Technology, Inc. (维信诺), a
leading Chinese display panel manufacturer, today announced the
signing of a new OLED Technology License Agreement and Supplemental
Material Purchase Agreement. Under the agreements, UDC will supply
phosphorescent OLED materials to Visionox Technology for use in its
products through its wholly-owned subsidiary UDC Ireland Limited.
Details and financial terms of the agreements have not been
disclosed.
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“Visionox has always been committed to building an ecological
network of innovation for the display industries to maximize the
synergistic value both from upstream and downstream. The
cooperation agreements between Visionox and UDC will further
promote the industrialization of AMOLED and substantially broaden
our industrial collaborative innovation. I believe, through our
efforts, we can also more effectively promote the transformation of
display technology results and accelerate the arrival of the
‘ubiquitous screen era’,” said Zhang Deqiang, President of Visionox
Technology, Inc.
“We are pleased to enter into these long-term OLED agreements
with Visionox Technology, a leading Chinese panel maker that
pioneered and invested in OLED research & development for over
twenty years,” said Steven V. Abramson, President and Chief
Executive Officer of Universal Display Corporation. “The bright,
beautiful, brilliant future of OLEDs has only just begun, and
Visionox’s recent capital investment in a new G6 OLED fab in Hebei
Province is helping pave the commercialization path for mainstream
proliferation. UDC’s direction and innovations are built around
enabling the growth of our customers. We are excited to further
strengthen our partnership with Visionox, and look forward to
continuing to support its advancements with our highly-efficient,
high-performing proprietary OLED technologies and UniversalPHOLED
materials.”
About Visionox Technology, Inc. (维信诺)
Visionox was founded in 2001, a world-leading innovative
supplier of complete advanced display solutions, and its
predecessor, Tsinghua University’s organic light emitting display
(OLED) project team, was founded in 1996. Focused on the OLED
business for more than 20 years, Visionox has become a global
leader in OLED industry, integrating R&D, mass production,
marketing and sales.
To date, Visionox owns over 3,500 OLED-related critical patents,
and has formulated or revised four OLED international standards.
With its leading level in the world, Visionox is now making
positive layout in the frontiers of flexible AMOLED technology and
beyond, which can represent the future direction of the
industry.
Visionox has built an integrated R&D and industrialization
platform, and set up R&D centers, including in Beijing,
Jiangsu, Hebei, as well as other locations. Visionox built a G5.5
AMOLED Mass Production Line in 2014, and G6 AMOLED Mass Production
Line in 2018. Visionox’s AMOLED panels have been supplied to many
manufacturers for use in flagship phones. Based on smartphone
applications, Visionox’s delivery area of AMOLED panels was ranked
first among the Chinese factory in 2017. For more information,
please visit http://www.visionox.com/.
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. 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, 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, 2017. 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.comorVisionox Technology, Inc.
Contact:Wenjuan Liu, (+86-010)
8405-9733ir@visionox.compr@visionox.com
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