Universal Display and PPG Industries Announced New OLED Supply and Service Agreement

Sep 28, 2011 In the official press release Universal Display Corporation and PPG Industries announced entering into a new organic light-emitting diode (OLED) materials supply and service agreement. Universal Display is the leading supplier of phosphorescent OLED materials to the rapidly growing OLED display and lighting industries. Under the new agreement, PPG will remain the exclusive manufacturer of Universal Display's proprietary phosphorescent OLED materials.

The new agreement will replace Universal Display's current OLED Materials Supply and Service Agreement with PPG Industries. The term of the new agreement runs through December 31, 2014. The new agreement is substantially similar to the current agreement.

Universal Display is the recognized leader in high-performance, energy-efficient phosphorescent OLED technology and materials that offer up to four times the efficiency of conventional OLED technology. In 2000, Universal Display and PPG entered into a strategic relationship for the commercialization and production of Universal Display's proprietary PHOLED materials. With the introduction of the first commercial product using the company's PHOLED materials, Universal Display and PPG won the SID/Information Display Magazine 2003 Display Material or Component of the Year Gold Award. Today, PHOLED materials that have been invented by Universal Display and manufactured by PPG are sold by Universal Display to a number of global consumer electronics manufacturers and can be found in OLED displays in a variety of cell phones, multi-media players and other display devices in the market and are also a key component in a number of emerging OLED lighting products.

Source: http://www.marketwatch.com/story/universal-display-and-ppg-industries-announce-new-oled-supply-and-service-agreement-2011-09-27?reflink=MW_news_stmp

Author:  Alice Jones

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