SHANTOU, China & EWING, N.J.--(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.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180611006102/en/
“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.
Follow Universal Display Corporation
Twitter
Facebook
YouTube
(OLED-C)
View source version on businesswire.com: https://www.businesswire.com/news/home/20180611006102/en/
Source: Universal Display Corporation