Universal Display announced that it has signed long-term OLED material supply and license agreements with Samsung Display. UDC will continue to supply its PHOLED phosphorescent OLED materials and technology to Samsung Display for use in its OLED displays. The agreements are scheduled to run through December 31, 2022, and may be extended for an additional two-year period.
UDC did not disclose the financial terms of these new agreements, but we do know that Samsung will pay a license fee throughout the agreement period. The previous UDC-SDC agreement ended on December 31st 2017, but for the past month and a half the two companies still conducted business of course as SDC's OLED production was not halted.