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Sharp Corporation and Universal Display Corporation Announce an Extended OLED Evaluation Agreement

Date Announced: 23 Jan 2018

New Jersey OLED materials developer builds on existing relationship with Japanese displays giant.

EWING, N.J.--(BUSINESS WIRE)-- Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that the Company and Sharp Corporation (TSE: 6753), a leading display 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 Sharp Corporation for use in the Company’s OLED displays. Details and financial terms of the agreement have not been disclosed.

“We are pleased to extend and expand our collaborative partnership with Sharp, a pioneer in the display industry,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “OLED technology is paving extraordinary paths for cutting-edge consumer display products. The growth of our relationship with Sharp highlights our strong position as a leading enabler in the OLED ecosystem with our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials.”

Source: Universal Display Corp.

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