Universal Display Corporation today announced the signing of long-term OLED material supply and license agreements with BOE Technology Group Co., Ltd. , an IoT company providing intelligent interface products and services for information interaction and human health. These agreements extend the strong partnership between the two companies. Universal Display Corporation will continue to supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology to BOE Technology for use in its OLED displays through its wholly-owned subsidiary UDC Ireland Limited. Further details and financial terms of the agreements have not been disclosed.
“We are pleased to enter into these long-term agreements that extend our robust partnership with BOE,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “BOE is a leading IoT innovation company providing intelligent interface products and services for information interaction and human health that is fueling the proliferation of OLEDs across the global consumer electronics landscape with its innovative and cutting-edge technology. As our comprehensive portfolio of highly-efficient, cost-effective and proprietary OLED technologies and phosphorescent emissive material solutions continues to grow, we look forward to broadening our long-term collaboration with BOE.”