Universal Display (UDC) logoUniversal Display Corporation and Chi Mei EL Corporation (CMEL) announced that they have entered into an agreement for Universal Display to supply proprietary PHOLED™ phosphorescent OLED materials and technology to CMEL for use in CMEL’s manufacture of commercial AMOLED display products.

Financial terms of the agreement have not been disclosed, however, as is customary with these agreements, Universal Display will recognize commercial chemical sales and license fee revenues from its supply of this material to CMEL. The term of the agreement runs through December 31, 2008.

CMEL is currently focused on producing small and medium-sized OLED panel applications.