Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced an expanded evaluation agreement with BOE Technology Group. (京东方). Under this agreement, Universal Display will broaden its collaboration with BOE and supply additional highly efficient phosphorescent OLED (PHOLED) materials for display applications.

“UDC is the leading phosphorescent OLED material supplier. Through establishing close partnership, we hope to push forward the development of OLED industry together with UDC and other industry partners,” said Wang Dongsheng, Chairman of BOE Technology.

BOE Technology Group (京东方) Logo.(LEDinside/BOE Technology Group)

Recently, BOE invested in an AMOLED pilot line at its Hefei G8.5 fab. With this pilot line, they have developed a 55’’ 4K2K AMOLED TV module sample which was exhibited in SID 2014 Display Week. Additionally, the company’s AMOLED line in Ordos will produce small/medium AMOLED displays.

“We are very pleased to broaden our partnership with BOE, the leading Chinese manufacturer in the display industry, to further evaluate our PHOLED materials,” said Steven Abramson, President and Chief Executive Officer of Universal Display. “Extending our collaboration demonstrates BOE’s commitment to provide advanced display solutions using our high performance, energy-efficient PHOLED materials and technology.”

With recent demonstrations of OLED TVs by major manufacturers and its growing usage in mobile devices, by 2020, according to NPD DisplaySearch, OLED shipments are expected to reach 540 million units as OLED revenues hit US $26.9 billion. Benefits of OLED display technology include thinner form factor, wider viewing angle with no degradation of contrast ratio, faster response time supporting video and graphics, higher contrast ratio and superior visual appeal because of the emissive nature of the device, lower switching voltage and power consumption and compatibility with alternative substrates (i.e. plastic, aluminum foil).

To see how Universal Display is changing the face of the display and lighting industries with its UniversalPHOLED, white OLED, and flexible OLED technologies, please visit the company’s website at http://www.udcoled.com.