Universal Display and Visionox announced that the companies extended their long-term OLED material supply and license agreements. The new agreement runs for five years - that's the only details of the new agreement that has been disclosed.
China-based OLED producer Visionox signed a long-term licensing and material purchase agreements with Universal Display. UDC will supply its phosphorescent OLED materials to Visionox. UDC did not disclose the details or financial terms of these agreements. This follows the evaluation agreement signed by UDC and Visionox in February 2018.
Visionox is producing PMOLEDs, AMOLEDs and flexible AMOLEDs, and the company demonstrated some very impressive displays at SID Displayweek last month. Last month Visionox announced that it has started to produce flexible OLEDs at its new 6-Gen fab in Hebei.
Universal Display announced that Visionox (GVO) signed an OLED evaluation agreement. Under this agreement, UDC will supply GVO with its phosphorescent OLED materials for display applications. UDC did not provide any more details or financial terms.
Visionox started mass producing AMOLED panels in June 2015, at the company's Gen-5.5 AMOLED line in Kunshan. Visionox is also constructing a $4.5 billion 6-Gen production line in Hebei that will have a monthly capacity of 30,000 substrates, and will be mainly used to produce flexible AMOLEDs. Production should begin in mid-2018.