Universal Display Corporation and Visionox Technology, Inc. (维信诺), a Chinese display panel manufacturer, announced the extension of their long-term OLED material supply and license agreements.
The agreements extend Universal Display’s supply of its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Visionox Hefei Technology Co. Ltd. (合肥维信诺科技有限公司) through its wholly-owned subsidiary UDC Ireland Limited.
The new agreements run for five years.
Further details and financial terms of the agreements have not been disclosed.
“It is an exciting time in the OLED market as new products have launched that showcase the benefits of innovative form factor, high contrast ratio, wide color gamut, rich color saturation and fast response times,” said Zhang Deqiang, president of Visionox Technology, Inc.
“Visionox’s investments in OLED capacity, including its new Gen 6 flexible Hefei fab, are expected to help fuel the ongoing proliferation of cutting-edge OLEDs in the consumer electronics landscape," said Steven V. Abramson, president and CEO of Universal Display Corporation. "With our deep and broad experience and know-how of more than two-and-half decades of pioneering research, we are continually discovering, designing and delivering the best OLED emissive layer materials to support and enable the industry and look forward to further growing our partnership with Visionox.”
