Seiko Epson and Universal Display Announce OLED Evaluation Agreement

Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED technology and materials, today announced an OLED evaluation agreement with Seiko Epson Corporation. Under the agreement, Universal Display will supply its proprietary phosphorescent OLED materials and technology to Epson for AR/VR (augmented reality/virtual reality) display applications. Details and financial terms of the agreement have not been disclosed.

“We are pleased to continue our partnership with Japanese panel maker Seiko Epson,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Our mission is to enable our customers and the OLED industry with our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials. We look forward to further collaborating with Epson as the proliferation of OLEDs is expected to broaden and grow in the consumer electronics landscape.”