Universal Display announced an OLED evaluation agreement with EverDisplay Optronics (Shanghai) Limited. Under this agreement, Universal Display (UDC) will supply EverDisplay Optronics (EDO) with its proprietary UniversalPHOLED phosphorescent OLED materials for display applications. Details and financial terms of the agreement have not been disclosed.
 
 “Universal Display Corporation is a leading OLED material supplier, and we are glad to cooperate with them to further enhance the performance of our AMOLED product at this stage. We believe that both UDC and EDO will continue to work closely together on a mutually beneficial basis,” said Dr. Jr-Hong Chen, CTO of EverDisplay Optronics (Shanghai) Limited.
 
“We are pleased to partner with emerging Chinese OLED manufacturer EverDisplay Optronics,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “OLEDs are inherently bright, beautiful, brilliantly colorful and simple devices, and we believe that consumer adoption is in its early stage. As EDO continues to commercialize its portfolio of advanced OLED displays, we look forward to supporting them with our state-of-the-art, highly-efficient, high-performing proprietary UniversalPHOLED materials.”