EWING, N.J. & KUNSHAN, China--(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 Kunshan
Govisionox Optoelectronics Co., Ltd. (国显光电). Under this agreement,
Universal Display (UDC) will supply Govisionox (GVO) 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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“GVO has been at the forefront of OLED research and development,
actively advancing the commercialization of AMOLEDs for a number of
years. We are pleased to collaborate with UDC under this evaluation
agreement. We believe that this partnership will further enhance our
portfolio of innovative and leading display solutions for
end-customers,” said Chen Gang, President of Kunshan Govisionox
Optoelectronics Co.
“We are pleased to enter into this evaluation agreement with Chinese
manufacturer Govisionox,” said Steven V. Abramson, President and Chief
Executive Officer of Universal Display Corporation. “As a key player in
the OLED ecosystem, UDC’s mission is enabling our customers to make
bright, beautiful, and advanced displays. We look forward to working
with GVO, and supporting them with our highly-efficient, high-performing
proprietary UniversalPHOLED materials.”
About Kunshan Govisionox Optoelectronics Co., Ltd. (国显光电)
GVO combines the technology and industrialization results of Kunshan
Visionox and Kunshan Display Center, and aims to lead the innovation and
development of the Chinese AMOLED industry. Kunshan Visionox is a
leading PMOLED manufacturer, and built the first PMOLED mass production
line in mainland China in 2008. Kunshan Display Center is oriented to
the new generation of display technology represented by AMOLED, and is
developing the R&D for the basic technology and mass production process.
In 2014, GVO built the first G5.5 AMOLED mass production line in
mainland China, and achieved mass production in 2015. This is the
best-run G5.5 AMOLED production line in mainland China. GVO took the
lead in supplying flexible AMOLED full-displays to end-customers in the
second half of 2017, and is currently supporting the construction of its
first flexible G6 AMOLED mass production line in mainland China, which
is expected to commence operation this year.
GVO has been making excellent progress in flexible AMOLED technology,
with its world-class flexible OLED technology. GVO launched the world’s
first flexible AMOLED display with a curvature radius of 3mm in 2015,
the world’s first 180-degree foldable and flexible AMOLED display with a
3mm bending radius and the world’s first bi-directional foldable
single-axis AMOLED display module in 2017.
To date, GVO owns over 3,000 OLED-related critical patents, and has
formulated or revised four OLED international standards. As a global
leader, GVO is making positive advancements in the frontiers of flexible
AMOLED technology, paving the future direction of the display industry.
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
Universal PHOLED® 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 Kunshan Govisionox Optoelectronics Co., Ltd.