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Visionox, Universal Display Enter into Long-Term OLED Agreements

UDC will supply phosphorescent OLED materials to Visionox.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Universal Display and Visionox Technology, Inc., a leading Chinese display panel manufacturer, 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.
 
“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.
 
“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,” said Steven Abramson, president and CEO of Universal Display. 

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