The agreement paves the way for Samsung SDI to integrate Universal Display's proprietary OLED technologies into Samsung SDI's active-matrix OLED display products.

Samsung SDI said it intends to introduce Universal Display's phosphorescent materials and associated technology in Samsung SDI's initial active-matrix OLED products. According to the company, PHOLEDs have been shown to be up to four times more efficient than traditional fluorescent OLEDs, which is key for lower power consumption, less heat generation and longer operating lifetimes.

"The worldwide market for OLED displays is estimated to grow to $5.2 billion in 2008. We also expect that [Universal Display's] PHOLEDs having more saturated colors and cost saving advantages over the traditional fluorescent OLEDs would lead the OLED manufacturers to introduce OLED displays into the market quickly," he continued

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