Universal Display Corporation Announces an Extended OLED Evaluation Agreement

Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that the Company and Japan Display Inc., a leading global small-and-medium-sized panel manufacturer, have entered into an extended and updated evaluation agreement.

Under the agreement, Universal Display will supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Japan Display Inc (JDI) for use in the company’s OLED displays. Financial terms of the agreement have not been disclosed.

“We are pleased to enhance our partnership with Japan Display, a world leader in the display industry,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “OLEDs are transforming the consumer electronic market with bright, beautiful, thin and conformable displays. We believe that this agreement will strengthen our collaborative bond with JDI for innovative OLED products using our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials.”