UDC signs an OLED lighting material technology license agreement with Sumitomo
Universal Display and Sumitomo Chemical signed an OLED Technology License Agreement. UDC granted Sumitomo license rights to manufacture and sell solution-processed OLED lighting products. The agreement runs for the life of Universal Display’s relevant intellectual property rights.
Sumitomo aims to use UDC's technologies to increase the efficacy of their PLED lighting panels. The company will "explore business opportunities in lighting applications that take their printed polymer OLED technology to the next generation lighting.