{"id":470123,"date":"2021-04-01T16:18:29","date_gmt":"2021-04-01T20:18:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470123"},"modified":"2021-04-01T16:18:29","modified_gmt":"2021-04-01T20:18:29","slug":"lg-display-and-universal-display-corporation-extend-long-term-oled-agreements","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lg-display-and-universal-display-corporation-extend-long-term-oled-agreements\/","title":{"rendered":"LG Display and Universal Display Corporation Extend Long-Term OLED Agreements"},"content":{"rendered":"

<\/p>\n

LG Display and Universal Display Corporation Extend Long-Term OLED Agreements<\/b><\/p>\n

EWING, N.J.–(BUSINESS WIRE<\/a>)–Universal Display Corporation<\/a> (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED\u00ae<\/sup><\/a> technology and materials, and LG Display Co., Ltd.<\/a> (NYSE: LPL), a global leader in the development and production of innovative display panels, today announced the extension of their long-term agreements with the signing of new OLED Technology License and Material Purchase Agreements. The new extended agreements run for five years. Further details and financial terms of the agreements have not been disclosed.\n<\/p>\n

\n\u201cWe are pleased to announce these new extended agreements with LG Display, which further strengthens our nearly two-decade long partnership,\u201d said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. \u201cOur close collaboration with LG Display began when CRTs were still the primary display technology for TVs. Fast forward to today, and LG Display is leading the revolutionary path for OLED TVs. We look forward to bolstering our robust working relationship with LG Display on their leading-edge OLED panels through UDC\u2019s OLED technologies and energy-efficient, state-of-the-art phosphorescent materials.\u201d\n<\/p>\n

About Universal Display Corporation<\/b><\/p>\n

\nUniversal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display, solid-state lighting applications with subsidiaries and offices around the world. Founded in 1994, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED\u00ae phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https:\/\/oled.com\/<\/a>.\n<\/p>\n

\nUniversal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.\n<\/p>\n

All statements in this document that are not historical, such as those relating to the impact of the COVID-19 pandemic on the Company and otherwise, the Company\u2019s technologies and potential applications of those technologies, the Company\u2019s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company\u2019s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation\u2019s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation\u2019s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the sections entitled \u201cRisk Factors\u201d in Universal Display Corporation\u2019s Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.<\/i><\/p>\n

Follow Universal Display Corporation
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\n(OLED-C)\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210401005797\/en\/<\/a><\/span><\/p>\n

\nDarice Liu
\n
investor@oled.com
\n<\/a>
media@oled.com
\n<\/a>
+1 609-964-5123\n<\/p>\n

KEYWORDS:<\/b> United States North America New Jersey<\/p>\n

INDUSTRY KEYWORDS:<\/b> Semiconductor Entertainment Consumer Electronics Technology TV and Radio Nanotechnology Hardware<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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LG Display and Universal Display Corporation Extend Long-Term OLED Agreements EWING, N.J.–(BUSINESS WIRE)–Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED\u00ae technology and materials, and LG Display Co., Ltd. (NYSE: LPL), a global leader in the development and production of innovative display panels, today announced the extension of their long-term agreements with the signing of new OLED Technology License and Material Purchase Agreements. The new extended agreements run for five years. Further details and financial terms of the agreements have not been disclosed. \u201cWe are pleased to announce these new extended agreements with LG Display, which further strengthens our nearly two-decade long partnership,\u201d said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. … <\/p>\n

Continue reading “LG Display and Universal Display Corporation Extend Long-Term OLED Agreements”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470123","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLG Display and Universal Display Corporation Extend Long-Term OLED Agreements - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lg-display-and-universal-display-corporation-extend-long-term-oled-agreements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG Display and Universal Display Corporation Extend Long-Term OLED Agreements - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LG Display and Universal Display Corporation Extend Long-Term OLED Agreements EWING, N.J.–(BUSINESS WIRE)–Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED\u00ae technology and materials, and LG Display Co., Ltd. (NYSE: LPL), a global leader in the development and production of innovative display panels, today announced the extension of their long-term agreements with the signing of new OLED Technology License and Material Purchase Agreements. The new extended agreements run for five years. Further details and financial terms of the agreements have not been disclosed. \u201cWe are pleased to announce these new extended agreements with LG Display, which further strengthens our nearly two-decade long partnership,\u201d said Steven V. 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