EWING, N.J. & SHANGHAI--(BUSINESS WIRE)--
Universal
Display Corporation (Nasdaq: OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED®
technology and materials, today announced an OLED evaluation agreement
with EverDisplay
Optronics (Shanghai) Limited (和辉光电). Under this agreement, Universal
Display (UDC) will supply EverDisplay Optronics (EDO) with its
proprietary UniversalPHOLED phosphorescent OLED materials for display
applications. Details and financial terms of the agreement have not been
disclosed.
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“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.
“We are pleased to partner with emerging Chinese OLED manufacturer
EverDisplay Optronics,” said Steven V. Abramson, President and Chief
Executive Officer of Universal Display Corporation. “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.”
About EverDisplay Optronics
EverDisplay Optronics (Shanghai) Limited (EDO), incorporated in October
2012 and located in Jinshan, Shanghai, is a high-tech company dedicated
to mass production of small-to-medium AMOLED display and research of
next generation technology. EDO has invested 7.05 billion RMB (1.1
billon USD) and built the first G4.5 LTPS AMOLED mass production line in
China. To further expand mass production scale, EDO is building a G6
AMOLED production line. EDO focuses on AMOLED technology and
small-to-medium display market. Bearing the corporate spirit of
“Courage, Integrity, Wisdom and Modesty”, EDO encourages innovation and
independence, and is dedicated to bringing the best AMOLED display to
the Chinese market. As a Chinese AMOLED front runner, EDO has started a
new AMOLED era in China.
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.
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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Source: Universal Display Corporation and EverDisplay Optronics (Shanghai) Limited