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BOE Technology Group Expands Evaluation Partnership with Universal Display Corporation
|By Business Wire
|June 30, 2014 04:05 PM EDT
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 Co., Ltd. (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.
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 V. 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
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 $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.
BOE Technology Group Co., Ltd., which was founded in April 1993, is a
supplier focusing on semiconductor display technologies, products and
services. BOE currently owns over 20,000 issued and pending patents
worldwide. In terms of both shipments and market share, BOE ranks in the
top 5 of the global industry. BOE is the only company that has the
ability to independently provide R&D and manufacturing for the full
range of semiconductor display products in China, from mobile phone
panels to large-sized panels. http://www.boe.com.cn
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in developing
and delivering state-of-the-art, organic light emitting diode (OLED)
technologies, materials and services to the display and lighting
industries. Founded in 1994, the Company currently owns or has
exclusive, co-exclusive or sole license rights with respect to more than
3,000 issued and pending patents worldwide. Universal Display licenses
its proprietary technologies, including its breakthrough high-efficiency
UniversalPHOLED® phosphorescent OLED technology, that can
enable the development of low power and eco-friendly displays and white
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.
Based in Ewing, New Jersey, with international offices in Ireland, South
Korea, Hong Kong, Japan and Taiwan, Universal Display works and partners
with a network of world-class organizations, including Princeton
University, the University of Southern California, the University of
Michigan, and PPG Industries, Inc. The Company has also established
relationships with companies such as AU Optronics Corporation, BOE
Technology, DuPont Displays, Inc., Innolux Corporation, Kaneka
Corporation, Konica Minolta Technology Center, Inc., LG Display Co.,
Ltd., Lumiotec, Inc., Pioneer Corporation, Samsung Display Co., Ltd.,
Sony Corporation, and Tohoku Pioneer Corporation. To learn more about
Universal Display, please visit http://www.udcoled.com.
Universal Display Corporation and the Universal Display logo are
trademarks or registered trademarks of Universal Display Corporation.
All other company, brand or product names may be trademarks or
All statements in this document that are not historical, such as
those relating to Universal Display Corporation’s technologies and
potential applications of those technologies, the Company’s expected
results as well as the growth of the OLED market and the Company’s
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’s 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’s periodic reports on Form 10-K and Form 10-Q filed with the
Securities and Exchange Commission, including, in particular, the
section entitled “Risk Factors” in Universal Display Corporation’s
annual report on Form 10-K for the year ended December 31, 2013.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140630006295/en/
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