UDC signs an OLED lighting license agreement with Pioneer

Universal Display entered into an OLED technology license agreement with Pioneer Corporation. Pioneer will use company's UniversalPHOLED and other OLED technologies and will also purchase PHOLED materials - to be used for OLED lighting products. Pioneer will pay running royalties. The term of the agreement continues until Pioneer sells a specified amount of licensed products.

Pioneer has been using UDC's PHOLED materials in their PMOLED displays since 2003. The company has an OLED lighting joint-venture with Mitsubishi Chemicals - which will market Pioneer's panels under the Verbatim brand. Verbatim announced the color-tunable VELVE OLED lighting panels in February 2011, we're not sure if these are actually shipping yet as promised back in April.

Posted: Sep 30,2011 by Ron Mertens