Universal Display signs long-term OLED license and supply deal with Samsung Display through 2027

UNIVERSAL DISPLAY CORP PA

License and supply agreements run through Dec 31, 2027, with possible two-year extension.
SDC will pay a license fee for rights to UDC's phosphorescent OLED patents over the term.
SDC commits to minimum purchase of red and green dopants; UDC must meet supply requirements.
Parties will continue discussions on commercial supply and license for blue phosphorescent materials.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UNIVERSAL DISPLAY CORP PA entered into a supply with Samsung Display Co., Ltd. (SDC) (effective 2022-12-05).

Action: entry
Agreement: supply
Counterparty: Samsung Display Co., Ltd. (SDC)
Effective: 2022-12-05

Exact text from the filing

Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED ® technology and materials, today announced the signing of long-term OLED material supply and license agreements with Samsung Display Co., Ltd. (SDC), a global display manufacturing leader.

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UNIVERSAL DISPLAY CORP PA filing history →

Source: SEC EDGAR

accession 0000950170-22-026018

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