Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, and Eternal Material Technology Company (EMT), ISO certified Chinese OLED materials supplier, today announced a strategic OLED host partnership. The two companies have been working together to commercialize OLED host materials. With this partnership, Universal Display (UDC) leads the R&D discovery and development work on red, green and yellow host materials to best complement its phosphorescent emitters. EMT will be a volume manufacturer and vendor of these host materials to certain Chinese panel manufacturers. Financial terms of the partnership agreement were not disclosed.
“Our collaboration with UDC is advantageous for the OLED industry, and we are pleased at the robust partnership formed by our two companies,” said Ren Xueyan, General Manager of Eternal Material Technology. “With the forecast of continued OLED investment and new production lines in China, we believe that this partnership will help meet the increasing material requirements of our customers. We are excited for the future of OLEDs and our developing position in it.”
“We are pleased to announce our partnership with EMT and are energized by the great opportunities we can share in,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “Our teams are working closely with customers as they map out their product offerings for the coming years. We are continuing to invent new and next-generation phosphorescent emitters and hosts, and believe that this cooperation with EMT will enable greater access to the best OLED emissive solutions in the expanding Chinese market.”