June 4, 2007—Universal Display Corporation has announced that it has entered into an agreement to supply its proprietary PHOLED phosphorescent OLED materials and technology to LG.Philips LCD for use in the company’s manufacture of commercial active-matrix OLED (AMOLED) display products.
Financial terms of the agreement have not been disclosed; however, as is customary with these agreements, Universal Display will recognize commercial chemical sales and license fee revenues from its supply of materials to LG.Philips LCD. The term of the agreement runs through June 30, 2008.
LG.Philips LCD is currently focused on introducing small and medium-sized OLED panel applications.
Universal Display focuses on the research and development of proprietary PHOLED and related OLED technologies, which the company licenses to major display manufacturers, such as LG.Philips. The company is also involved in PHOLED material sales, supplying manufacturers with highly efficient phosphorescent OLED materials. LG.Philips LCD Co. is a leading manufacturer and supplier of thin-film transistor liquid crystal display panels.
The relationship between LG.Philips LCD and Universal Display most recently yielded the world’s first high-resolution AMOLED display built on flexible metal foil using Universal Display’s proprietary high-efficiency PHOLED and FOLED flexible technologies.
For more information visit the Universal Display Web site.
