HOME > Business Wire > Article


Jan. 17, 2023 21:15 UTC

Seiko Epson and Universal Display Announce OLED Evaluation Agreement

EWING, N.J.--( BUSINESS WIRE )-- Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced an OLED evaluation agreement with Seiko Epson Corporation (TSE: 6724, "Epson"). Under the agreement, Universal Display will supply its proprietary phosphorescent OLED materials and technology to Epson for AR/VR (augmented reality/virtual reality) display applications. Details and financial terms of the agreement have not been disclosed.

“We are pleased to continue our partnership with Japanese panel maker Seiko Epson,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Our mission is to enable our customers and the OLED industry with our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials. We look forward to further collaborating with Epson as the proliferation of OLEDs is expected to broaden and grow in the consumer electronics landscape.”

About Universal Display Corporation

Universal 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 and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® 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/ .

Universal 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.

All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, 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, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

Follow Universal Display Corporation

Twitter
Facebook
YouTube

(OLED-C)

Contacts

Universal Display:
Darice Liu
investor@oled.com
media@oled.com
+1 609-964-5123


Source: Universal Display Corporation

View this news release online at:
http://www.businesswire.com/news/home/20230117006069/en


The content of this press release is provided by Business Wire. If you
have any questions regarding the content, please contact the person(s)
identified in the CONTACTS box at the bottom of the release.

Business Wire


HEADLINES

POLITICS
Philippine Pres. Marcos to Visit Japan from Feb. 8 for Talks with PM Kishida
ECONOMY
Bank of Japan's Monthly JGB Purchases Hit Record High of 23.69 T. Yen in Jan.
SPORTS
Ukraine to Mull Whether to Boycott Paris 2024 If Russians Are Allowed to Compete
OTHER
Suspected Male Attacker of Japanese Sociologist Miyadai Dies in Possible Suicide

AFP-JIJI PRESS NEWS JOURNAL


Photos