Ewing, N.J., Feb 27 — Universal Display Corporation (UDC) (Nasdaq: OLED), a global leader in energy-efficient OLED technologies and materials, today announced the extension of its long-term OLED material supply and license agreements with LG Display Co. Ltd., one of the world’s premier innovators in display technology.
Building on more than 20 years of successful collaboration, the extended agreements reinforce a shared vision to accelerate OLED innovation and expand next-generation display applications worldwide. Under these agreements, Universal Display will continue supplying its industry-leading UniversalPHOLED® materials and OLED technologies to support LG Display’s cutting-edge OLED product roadmap through UDC’s wholly owned subsidiary, UDC Ireland Limited. Further details and financial terms of the agreements have not been disclosed.
“Extending our long‑term agreements with LG Display marks another important milestone in a partnership that has helped shape the OLED industry for more than two decades,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “LG Display has long been a pioneer in OLED innovation, and together we have continuously pushed the boundaries of what OLED technology can achieve. We are excited to continue working together as LG Display advances its next generation of OLED panels, supported by the exceptional efficiency, performance, and reliability of our phosphorescent OLED materials and technologies.