EWING, N.J. & FREMONT, Calif.--(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 Royole
Corporation, a global pioneer and developer of advanced flexible
OLED displays, flexible sensors, and smart device electronics. Under
this agreement, Universal Display (UDC) will collaborate with Royole
Corporation and supply its proprietary UniversalPHOLED phosphorescent
OLED materials and technology for Royole’s display applications. Details
and financial terms of the agreement have not been disclosed.
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In the fourth quarter of 2015, Royole Corporation began development and
construction on its $1.7 billion Quasi-G6 fully flexible OLED display
fab in Shenzhen, China. The annual capacity of the new production line
is slated to be more than 50 million OLED display units, and able to
support a large number of applications in consumer electronics,
intelligent transportation, smart home appliances, sportswear, fashion,
home decor, robotics, education and many other industries.
“Royole aims to develop a flexible electronics technology platform that
can potentially serve applications in different market sectors. To
address the challenges in this emerging field, Royole has an excellent
record of engagement with important industry partners in strengthening
our technology, and particularly towards production,” said Dr. Bill Liu,
Chief Executive Officer of Royole Corporation. “Universal Display
Corporation has been one of the leading developers of high-performance
OLED materials, namely phosphorescent emitters. Royole looks forward to
collaborating with UDC on OLED materials for applications in our novel
flexible electronic products.”
“We are pleased to form this collaborative relationship with Royole
Corporation, an emerging OLED manufacturer of innovative flexible
display technologies and applications,” said Steven V. Abramson,
President and Chief Executive Officer of Universal Display Corporation.
“The brilliant benefits of OLEDs include that ability to manufacture
these thin-film layers on plastic, making OLEDs inherently conformable,
foldable and roll-able. As Royole continues to commercialize its
flexible OLED display technology to enable new form factors and
applications, we look forward to supplying them with our
highly-efficient, high-performing proprietary UniversalPHOLED materials.”
About Royole Corporation
Founded by Stanford engineering graduates in 2012, Royole's mission is
to improve the way people interact with and perceive the world. The
company creates and manufactures next-generation human-machine interface
technologies and products including advanced flexible displays, flexible
sensors, and smart devices. Technology milestones include the world's
thinnest full-color AMOLED flexible display and flexible sensors (2014),
the world's first foldable 3D mobile theater (2015), and the world's
first curved car dashboard based on flexible electronics (2016).
Royole has received numerous global awards for its technology
innovations and fast growth. Holding over 1,500 IPs, it provides IP
licenses, services, and, mass production and solutions for flexible
electronics applications. Royole, backed by leaders in global finance,
has announced a new 1.1-million-square-foot flexible display production
campus in Shenzhen, China with a total investment of USD $1.7B. Royole
has offices in Fremont, CA, Hong Kong, and Shenzhen, China. For more
information, please visit: www.royole.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, 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 Royole Corporation