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Universal Display and Tianma Sign OLED Patent License Agreements

Published: Aug 05,2016

Universal Display Corporation today announced the signing of an OLED Technology License Agreement and Supplemental Material Purchase Agreement with Tianma Micro-electronics Co. Ltd., a Chinese small-and medium-size display panel manufacturer. The agreements run for five years.

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Tianma is a AMOLED technology and series production provider in domestic China. Tianma has a Gen 5.5 AMOLED line in Shanghai, which started producing AMOLED modules for intelligent mobile terminals to brand clients this year. Tianma is also increasing its OLED investments to ramp up capacity for commercial mass production.

“We are very pleased to enter into these license and supply agreements with Tianma Micro-electronics, an early OLED developer and key Chinese display maker,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display.

“Tianma has been at the forefront of OLED R&D in China for a number of years, and we look forward to working with Tianma to advance their commercial OLED product pipeline with our proprietary OLED technologies and materials.”

Under the license agreement, Universal Display, through its wholly-owned subsidiary UDC Ireland Limited, has granted Tianma Micro-electronics non-exclusive license rights under various patents owned or controlled by Universal Display to manufacture and sell OLED display products.

Additionally, Universal Display will supply phosphorescent OLED materials to Tianma Micro-electronics for use in its licensed products.

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