Universal Display and LG Display have renewed their commercial supply agreement again. The current agreement will run for 6 months, until June 30, 2012. The companies are still negotiating a long term agreement. LG is using UDC's PHOLED materials in AMOLED displays, and pay them for the chemical sales and a license fee.

UDC signed the original agreement with LGD (then LG.Philips) back in May 2007. In August 2011 UDC finally signed a long-term agreement with Samsung, and hopefully they will sign one with LG Display soon, hopefully before LG's 55" OLED TVs start shipping.

The 2019 OLED Korea ConferenceThe 2019 OLED Korea Conference