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Samsung Display, Universal Display Enter into Long-Term OLED Agreements

The agreements are scheduled to run through Dec. 31, 2022.

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By: DAVID SAVASTANO

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

Universal Display announced the signing of long-term OLED material supply and license agreements with Samsung Display Co., Ltd. (SDC), a global display manufacturing leader. These agreements affirm that Universal Display will continue to supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Samsung Display for use in its OLED displays. The agreements are scheduled to run through Dec. 31, 2022, and may be extended for an additional two-year period. Financial terms of the agreements have not been disclosed.
 
“We are pleased to announce the signing of these long-term agreements with our partner Samsung Display,” said Steven V. Abramson, president and CEO of Universal Display. “Collaborating for over 18 years, Samsung Display has been at the forefront of the OLED revolution with its vibrant, colorful, and brilliant displays. SDC’s ground-breaking innovation and manufacturing leadership are paving new pathways of growth in the display industry, including the advent of new form factors.”

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