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BOE and Universal Display enter into long-term OLED agreements

BOE and Universal Display enter into long-term OLED agreements

Dec 12. 2017: Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced the signing of long-term OLED Agreements with BOE Technology Group Co., Ltd. (京东方), a global leader in semiconductor display industry as well as an IoT company providing intelligent interface products and professional services for information interaction and human health.

Under the agreements, UDC will supply phosphorescent OLED materials to BOE Technology for use in its products through its wholly-owned subsidiary UDC Ireland Limited, together propelling the development of the OLED industry.

“We are extremely pleased to extend our strong partnership with BOE Technology, and enter into these long-term agreements,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “BOE has paved extraordinary paths in the display market, fortified its position as a leading global manufacturer and propelled China to be a major force in the display landscape. Continuing to stretch the frontiers of the extraordinarily dynamic display industry, BOE recently commenced mass production of China’s first Gen 6 flexible AMOLED production line in Chengdu and its other Gen 6 flexible AMOLED line in Mianyang is slated for production in 2019. As a key enabler of highly-efficient, cost-effective and proprietary phosphorescent OLED technology and material solutions, we look forward to further strengthening our innovative collaborations with BOE.”

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