August 4, 2016 Universal Display Corporation and Tianma Micro-electronics Enter into Long-Term OLED Patent License and Supplemental Material Purchase Agreements
Universal Display Corporation and Tianma Micro-electronics Enter into LongTerm OLED Patent License and Supplemental Material Purchase Agreements EWING, N.J.--(BUSINESS WIRE)-- Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced the signing of an OLED Technology License Agreement and Supplemental Material Purchase Agreement with Tianma Micro-electronics Co. Ltd. ??????????? (SZ.000050), a leading Chinese small-and medium-size display panel manufacturer. The agreements run for five years. Tianma is a leading player in AM-OLED technology and series production capacity in domestic China. In late May, Tianma demonstrated its latest OLED advances with a number of display prototypes at Display Week 2016 International Symposium, Seminar and Exhibition. Tianma has a Gen 5.5 AM-OLED line in Shanghai, which started producing AMOLED modules for intelligent mobile terminals to brand clients this year. Tianma is also increasing its OLED investments to ramp up capacity for commercial mass production. “We are very pleased to enter into these license and supply agreements with Tianma Micro-electronics, an early OLED developer and key Chinese display maker,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “Tianma has been at the forefront of OLED R&D in China for a number of years, and we look forward to working with Tianma to advance their commercial OLED product pipeline with our proprietary OLED technologies and materials. Around the world, we believe that OLED research, development and investment activities are gaining tremendous ground, as consumer demand for cutting-edge, fast-response, thin, energy-efficient displays continues to rise, in products such as smartphones, wearables, tablets and automotive.” Under the license agreement, Universal Display, through its wholly-owned subsidiary UDC Ireland Limited, has granted Tianma Micro-electronics non-exclusive license rights under various patents owned or controlled by Universal Display to manufacture and sell OLED display products. Additionally, Universal Display will supply phosphorescent OLED materials to Tianma Micro-electronics for use in its licensed products. About Universal Display Corporation Universal Display Corporation (Nasdaq: OLED) is a leader in developing and delivering state-of-the-art, organic light emitting diode (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the Company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 4,100 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough highefficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of low power and ecofriendly displays and white lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. Universal Display Corporation and the Universal Display logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.