Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, and Wuhan China Star Optoelectronics Semiconductor Display Technology Co., Ltd. (华星光电), today announced the signing of a new OLED Technology License Agreement and Supplemental Material Purchase Agreement. Under the long-term agreements, UDC will supply phosphorescent OLED materials to Wuhan China Star Optoelectronics for use in display products through its wholly-owned subsidiary UDC Ireland Limited. Details and financial terms of the agreements have not been disclosed.
“We are pleased to collaborate with Universal Display to bring cutting-edge, best-in-class OLED products to our customers,” said Yong Zhao, General Manager of Wuhan China Star Optoelectronics Semiconductor Display Technology Co., Ltd. “This is an exciting time in the industry and as a leader, we are committed to investing in the next-generation of display technology. With our new state-of-the-art flexible OLED fab, we are well positioned to become a key OLED manufacturing partner in China and around the world.”
“We are pleased to enter into these long-term OLED license and material agreements with Wuhan China Star Optoelectronics, a leading Chinese panel maker that recently opened its first Gen-6 OLED manufacturing plant,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “With the solid OLED market trajectory, we are continuing to build on the depth and breadth of our experience and know-how and are innovating and developing the best OLED emissive layer materials to enable our customers’ product roadmaps. We look forward to expanding our partnership with China Star Optoelectronics and further enabling them with our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials. We would like to also thank the outstanding teams of both companies that worked diligently on these agreements while managing the challenges presented by current events. Our thoughts and well wishes are with the global community during this unprecedented period.”
About Wuhan China Star Optoelectronics Semiconductor Display Technology Co., Ltd.
Founded in October 2016, Wuhan China Star Optoelectronics Semiconductor Display Technology Co., Ltd., is a leading player in the display industry with 18 billion RMB in registered capital. The high-tech company’s product portfolio consists of cutting-edge small and medium size displays and is located in Donghu Hi-tech Industry District, Wuhan, China.
China’s first Gen 6 flexible LTPS-AMOLED production line was constructed by Wuhan China Star Optoelectronics. This landmark project positioned CSOT for the era of flexible displays. The company leverages advanced technologies, including flexible substrates, flexible LTPS backplanes, OLED, flexible touch control and flexible covers, to produce high-resolution, conformable, flexible and foldable display panels.