Universal Display announced that it has signed long-term OLED material supply and license agreements with Samsung Display.
These new agreements mean that UDC will continue and supply its PHOLED OLED emitter materials to Samsung Display. The agreements are scheduled to run through December 31, 2027, and may be extended for an additional two-year period. Financial terms of the agreements have not been disclosed.
UDC and Samsung Display has been working together for over 20 years, as Samsung is using UDC's green and red OLED emitter materials in its OLED displays (and it may be possible that this new agreement also includes UDC's upcoming blue PHOLED emitter).