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UDC and Samsung Sign New Long-Term OLED Agreements

Universal Display Corporation has announced the signing of long-term OLED material supply and license agreements with Samsung Display. UDC will continue to supply its proprietary phosphorescent OLED materials and technology to Samsung for use in its OLED displays.

The agreements are scheduled to run through December 31, 2022, and may be extended for an additional two-year period. Financial terms of the agreements have not been disclosed.