Tianma Micro-Electronics and Universal Display Corporation Extend Long-Term OLED Agreements

Tianma Micro-electronics and Universal Display Corporation (UDC) entered into long-term, multi-year OLED patent license and material purchase agreements in 2016. The extension of these agreements ensures the continued collaboration and fruitful partnership between two leading companies in the OLED ecosystem.

Tianma is currently expanding its Gen 6 OLED facility in Wuhan and readying its new 48 billion yuan (US$7.5 billion) OLED manufacturing plant in Xiamen for commercial mass production. UDC will continue to supply its leading-edge, high-performing, and highly efficient phosphorescent materials and OLED technologies to support Tianma’s initiatives for delivering best-in-class, energy-efficient OLED displays to OEM customers and consumers around the world.

“We are pleased to extend our long-term agreements with Tianma Micro-Electronics and further bolster our partnership of innovation, collaboration and excellence,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Tianma is broadening its leadership in the landscape of small-and-medium displays, and its new Gen 6 OLED fab in Xiamen is expected to support their growth. We are delighted to continue our great partnership with Tianma, providing our full suite of current and next-generation state-of-the-art OLED technologies and material solutions with trusted quality and assured delivery, and enabling added power savings to OLED products cost-effectively.”

About Tianma Micro-electronics Co. Ltd.

Tianma Microelectronics Co., Ltd. (Tianma) was founded in 1983 and has been publicly listed on the Shenzhen Stock Exchange since 1995 (SZ. 000050). Tianma specializes in providing customized display solutions and efficient support services worldwide. Tianma has manufacturing facilities in Shenzhen, Shanghai, Chengdu, Wuhan, Xiamen, and Japan. In addition, Tianma has a well-established global marketing and technical support network, including branch offices in the United States, Germany, Japan, Korea, Taiwan, and Hong Kong, to ensure seamless global support to our customers.

Tianma is committed to providing leading technology and quality displays to the consumer display market for smartphones, tablets, and laptops, and the professional display market for automotive, medical, POS, and HMI applications. Tianma also provides solutions to emerging markets for intelligent home, smartwatch, AR/VR and UAV. Tianma is committed to continuous technology innovation, superior customer service, and the best products for different applications.

Tianma has a comprehensive production footprint, from Gen 2 to Gen 6 TFT-LCD (a-Si, LTPS), Gen 5.5 AMOLED and Gen 6 LTPS-AMOLED. The sales of G5.5 and G6 LTPS line in Xiamen are very good. The product portfolio of Shanghai Tianma G5.5 AMOLED line is upgraded continuously. The G6 LTPS-AMOLED line in Wuhan is formally commercialized and shipping to brand customers. Xiamen Tianma Display Technology is currently moving in core equipment to build a G6 flexible AMOLED fab. This fab will enhance Tianma’s leading position in the high-end of small and medium-size display, and enables Tianma to be in the top 3 of worldwide AMOLED capacity.

About Universal Display Corporation

Universal 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 5,000 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 with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training.