LG Display & Universal Display Extend OLED Partnership

Universal Display Corporation announced the extension of its long-term OLED material supply and licensing agreements with LG Display Co. Ltd. Building on more than twenty years of fruitful collaboration, these renewed agreements consolidate a common vision aimed at accelerating innovation in OLED and developing next-generation screen applications on a global scale. Under these agreements, Universal Display will continue to supply its UniversalPHOLED materials as well as OLED technologies to support LG Display’s cutting-edge OLED product roadmap, through its wholly owned subsidiary, UDC Ireland Limited.

Additional details and financial terms of the deals were not disclosed.