Collaboration will focus on developing and commercializing highly-efficient phosphorescent OLED material systems for displays and lighting
EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (NASDAQ: PANL), a key innovator behind
today and tomorrow’s displays and lighting through its high-efficiency
UniversalPHOLED™ technology, and SFC Co., Ltd., a fine chemicals
manufacturer leading the edge of OLED materials, announced today that
the companies have entered into a strategic business agreement to
develop and commercialize highly-efficient phosphorescent OLED material
systems.
“We are delighted to begin this collaboration with SFC, a highly
respected Korean developer and manufacturer of OLED materials”
Based on Universal Display’s proprietary UniversalPHOLED technology,
Universal Display will support SFC’s development and marketing of
phosphorescent hosts and other non-emitter materials that are matched to
Universal Display’s phosphorescent OLED emitter materials. The companies
will market and sell their respective materials that result from the
collaboration. As part of the arrangement, SFC will transfer certain
existing phosphorescent emitter materials to Universal Display,
including manufacturing and sales of these materials.
“We are delighted to begin this collaboration with SFC, a highly
respected Korean developer and manufacturer of OLED materials,” says
Steven V. Abramson, President and Chief Executive Officer of Universal
Display. “By combining our UniversalPHOLED emitter materials with SFC’s
hosts and other OLED materials, we hope to further accelerate the
availability of high-performance phosphorescent materials systems for
manufacturers of OLED display and lighting products.”
“We are quite certain that the cooperation provides both of us with
solid and much bigger business potentials by the ideal combination of
the key elements of competitiveness from two companies,” stated
Dr. Yong-Kwan, Kim, CEO of SFC Co., Ltd. “We believe that the combined
effect of SFC’s long-term accumulated capabilities about OLED material
systems and UDC’s PHOLED emitter technology will deliver a wider range
of advantages to our customers, contributing to push the market forward.”
Universal Display’s proprietary PHOLED technology offers up to four
times higher efficiency than conventional OLED technology – a feature
that is very important for today’s battery-operated cell phones and
other portable devices, as well as for tomorrow’s large-area TVs and
solid-state lighting products. Today, manufacturers are increasingly
adopting phosphorescent OLED technology for this improved performance.
Universal Display is marketing and selling its PHOLED emitter materials
and licensing its PHOLED technology for commercial use and evaluation.
As the OLED market matures, it will expand beyond small-sized displays
to include large-area displays and lighting applications within the
foreseeable years. SFC’s continued challenges for developing high
performance OLED materials to meet the requirements will be more powered
than ever through the strategic cooperation. SFC has been and will
provide proven performances, not only for the current market but also
for the upcoming consumer markets.
About Universal Display Corporation
Universal Display Corporation is a world leader in developing and
commercializing innovative OLED technologies and materials for use in
flat panel displays, solid-state lighting products, electronic
communications and other opto-electronic devices. Universal Display is
working with a network of world-class research organizations and
companies to accelerate the development of state-of-the-art materials
and technology for the OLED industry. Universal Display has also
established commercial relationships with numerous OLED display and
lighting manufacturers. Universal Display currently owns or has
exclusive, co-exclusive or sole license rights with respect to more than
850 issued and pending patents worldwide.
Universal Display is located in the Princeton Crossroads Corporate
Center in Ewing, New Jersey. Universal Display’s state-of-the-art
facility is designed to further technology and materials development,
technology transfer to manufacturing partners and work with customers to
develop OLED products that meet their needs. Visit Universal Display on
the Web at www.universaldisplay.com.
About SFC Co., Ltd.
SFC Co., Ltd. is a fine chemicals company with focuses on electronic
applications. SFC Co., Ltd. has been leading key OLED materials market
for more than 9 years in Korea – the most active marketplace in the
world – and is uniquely positioned to offer innovative solutions to the
major players like Samsung Mobile Display and LG Display.
SFC Co., Ltd. has been enjoying commercial success in introduction of
new products thanks to the seamless interaction with the market settlers
and the sharp focalization on customers’ future needs. In response to
the market expansion, SFC Co., Ltd. will continue to reinforce its core
competence to offer better products to the field of organic electronics
sector. For more information, please visit SFC Co., Ltd. on the Web at www.sfc-dye.com.
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, are forward-looking
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, 2007.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.
Contacts
For Universal Display Corporation:
Dean Ledger, 800-599-4426
or
Gregory
FCA Communications
Investor contact:
Paul Johnson, 610-228-2113
paul@gregoryfca.com
or
Media
contact:
Matt McLoughlin, 610-228-2123
matt@gregoryfca.com
or
For
SFC Co., Ltd.:
Myeong-Keun, Ma, +82-43-218-6600
mkma@sfc-dye.com