• SEC Filings

On February 13, 2018, the Registrant and Samsung Display Co., Ltd. (“SDC”) entered into an OLED Patent License Agreement (the “License Agreement”) and a Supplemental OLED Material Purchase Agreement (the “Supplemental Agreement”), both effective as of January 1, 2018.

The License Agreement extends SDC’s rights under certain of Registrant’s intellectual property for at least another five years to manufacture and sell certain phosphorescent organic light emitting diode (OLED) display products.In consideration of the license grant, SDC agreed to pay the Registrant a license fee over the term of the License Agreement.

to the Supplemental Agreement, the parties agreed that SDC shall continue to purchase from the Registrant, and the Registrant shall supply to SDC, a minimum amount of phosphorescent materials for SDC’s use in the manufacture of licensed products.This minimum purchase commitment is subject to the Registrant being able to supply SDC with sufficient material to meet its requirements over the term of the Supplemental Agreement, which is concurrent with the term of the License Agreement.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

UNIVERSAL DISPLAY CORP PA Exhibit
EX-99 2 oled-ex99_6.htm EX-99 oled-ex99_6.htm Exhibit 99.1 Press Release   Universal Display Contact:       Darice Liu         [email protected]           [email protected]           609-671-0980 x570           Samsung Display and Universal Display Corporation Enter into Long-Term OLED Agreements   Ewing,…
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About UNIVERSAL DISPLAY CORPORATION (NASDAQ:OLED)

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Company’s flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers. It also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers. It has produced and sold phosphorescent emitter materials that produce red, yellow, green and light-blue light, which are combined in various ways for the flat panel display and the lighting market. It has also developed host materials for the emissive layer.