Universal Display and Samsung finally signed a long-term license agreement. Samsung will pay a fixed license fee (the amount was not disclosed, but we'll probably learn more soon) and will also purchase PHOLED materials from UDC - and this includes Green PHOLED as well (as we reported a while back Samsung will start using Green in their new 5.5-Gen fab). The current agreement will last till December 2017.
This is very good news for Universal Display (providing the financial agreement is sound of course) - as it validates the company's patents, which are facing challenges in several countries currently, including Korea.
Samsung's original license agreement was signed in 2005. Since then the companies kept extending the license for 3 months at a time.