Press release
Tianma and Universal Display Corporation Enter into Long-Term OLED Agreements
EWING, N.J.--(BUSINESS WIRE)-- Universal Display Corporation (UDC) (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED®
About this update from Universal Display Corporation
[{"type":"text","content":" EWING, N.J.--(BUSINESS WIRE)--\nUniversal Display Corporation (UDC) (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced the signing of long-term OLED material supply and license agreements with Tianma, a leading global manufacturer of flat panel displays.\n\n\nThese agreements reinforce the strong and enduring partnership between UDC and Tianma and underscore their shared commitment to advancing OLED technology worldwide. Under the terms, Universal Display will continue to provide its proprietary UniversalPHOLED® phosphorescent OLED materials and cutting-edge technologies to Tianma through its wholly-owned subsidiary, UDC Ireland Limited, supporting Tianma’s next-generation OLED displays. Further details and financial terms of the agreements have not been disclosed.\n\n\n“We are pleased to extend our long-standing partnership with Tianma through these new agreements,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Tianma has been a key innovator in the small and medium display industry, and together we share a vision of advancing OLED technology to deliver sustainable, energy-efficient solutions for consumers worldwide. As UDC continues to broaden its presence in China, we look forward to deepening our collaboration with Tianma and driving innovation, leadership, and a brighter future for the global display ecosystem.”\n\n\nAbout Universal Display Corporation\n\n\nUniversal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 6,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs...