Universal Display Corporation, enabling energy-efficient displays and lighting with its technology and materials, announced the signing of long-term OLED Agreements with Chinese display giant BOE Technology Group.

(Image: Universal Display Corporation)

Under the agreements, UDC will supply phosphorescent OLED materials to BOE Technology for use in its products through its wholly-owned subsidiary UDC Ireland Limited, together propelling the development of the OLED industry.

“We are extremely pleased to extend our strong partnership with BOE Technology, and enter into these long-term agreements,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “BOE has paved extraordinary paths in the display market, fortified its position as a leading global manufacturer and propelled China to be a major force in the display landscape.

Continuing to stretch the frontiers of the extraordinarily dynamic display industry, BOE recently commenced mass production of China’s first Gen 6 flexible AMOLED production line in Chengdu and its other Gen 6 flexible AMOLED line in Mianyang is slated for production in 2019. As a key enabler of highly-efficient, cost-effective and proprietary phosphorescent OLED technology and material solutions, we look forward to further strengthening our innovative collaborations with BOE.”