Universal Display and LG Display have renewed their commercial supply agreement. The current agreement will run for 6 months, until June 30, 2011. This is more of an extension than a real new agreement. UDC also extended their license with Samsung a few weeks ago.
The original agreement between UDC and LG Display (LG.Philips back then) was signed on May 2007. LG is using UDC's PHOLED materials in AMOLED displays, and pay them for the chemical sales and a license fee.