HEFEI, China & EWING, N.J.–(BUSINESS WIRE)–Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient shows and lighting with its UniversalPHOLED® expertise and supplies, and Visionox Technology, Inc. (维信诺), a number one Chinese language show panel producer, in the present day introduced the extension of their long-term OLED materials provide and license agreements. The agreements lengthen Common Show’s provide of its proprietary UniversalPHOLED phosphorescent OLED supplies and expertise to Visionox Hefei Expertise Co. Ltd. (合肥维信诺科技有限公司) via its wholly-owned subsidiary UDC Eire Restricted. The brand new agreements run for 5 years. Additional particulars and monetary phrases of the agreements haven’t been disclosed.
“It’s an thrilling time within the OLED market as new merchandise are launched that showcase the advantages of revolutionary kind issue, excessive distinction ratio, vast shade gamut, wealthy shade saturation and quick response instances,” mentioned Zhang Deqiang, President of Visionox Expertise, Inc. “We’re happy to strengthen our partnership with Common Show Company and lengthen our materials and license agreements. Our collaboration with UDC allows us to achieve our purpose of offering best-in-class, energy-efficient, OLED shows on this rising business.”
“We’re happy to develop and lengthen our long-term agreements with Visionox Expertise to make sure the continued provide of our highly-efficient, high-performing, proprietary, phosphorescent supplies for his or her broadening OLED product portfolio,” mentioned Steven V. Abramson, President and Chief Government Officer of Common Show Company. “Visionox’s investments in OLED capability, together with its new Gen 6 versatile Hefei fab, are anticipated to assist gas the continuing proliferation of cutting-edge OLEDs within the client electronics panorama. With our deep and broad expertise and know-how of greater than two-and-half a long time of pioneering analysis, we’re regularly discovering, designing and delivering the very best OLED emissive layer supplies to help and allow the business and sit up for additional rising our partnership with Visionox.”
About Visionox Expertise, Inc. (维信诺)
Based in 2001, Visionox is the world’s main provider of built-in superior show options, and its origin may be traced to the Tsinghua College OLED (Natural Gentle Emitting Show) analysis group, established in 1996. The corporate operates below a imaginative and prescient of “pushing boundaries to reinforce the expertise of imaginative and prescient” and a mission of “main China’s OLED business via technological innovation.” With over 20 years of expertise in OLED expertise, Visionox has develop into a globally main enterprise within the OLED business, overlaying R&D, manufacturing and gross sales. The sphere of OLED expertise has develop into aggressive around the globe. Visionox practices fixed self-innovation, steadily working to develop OLED expertise and the OLED business, from fundamental analysis to pilot manufacturing to mass manufacturing. Visionox has mastered many core OLED applied sciences and holds greater than 8,500 key OLED patents up to now. It has additionally obtained numerous prestigious awards together with First Prize within the State Technological Invention Award (issued by the State Council of the PRC) and the China Patent Gold Award (collectively issued by the WIPO and the Chinese language Patent Workplace). In 2002, Visionox spearheaded the formulation of OLED worldwide and nationwide requirements and continues to steer the endeavor. Visionox is accountable for the formulation and revision of 4 OLED worldwide requirements and main the framework for six OLED nationwide requirements and 4 OLED industrial requirements. Visionox has secured a dominant place amongst worldwide competitors, changing into a number one voice in China’s industrial growth. Leveraging its present technological benefits and embracing new developments, Visionox actively explores technological frontiers that symbolize the way forward for the business, akin to versatile AMOLED expertise. Visionox has efficiently created most of the world’s “firsts”, together with the world’s first absolutely scrollable AMOLED show, the world’s first bi-directional foldable single-axis show module and lots of different versatile merchandise. With merchandise boasting a folding radius as small as 1.6 mm, Visionox has made repeated breakthroughs in versatile foldable expertise. It has additionally formulated two worldwide requirements for versatile show, and leads the world in versatile OLED expertise. Visionox focuses on OLED expertise and industrial growth, with a dedication to impartial innovation and holding the event of China’s OLED business on tempo with the remainder of the world. Visionox gives clients with a high-quality visible expertise and has included China’s supply-side structural reform. Embracing the assumption that innovation is the soul of an enterprise, Visionox all the time strives for world-class excellence, endeavoring to offer the most-advanced show options that improve the expertise of imaginative and prescient. For extra data, please go to http://www.visionox.com/.
About Common Show Company
Common Show Company (Nasdaq: OLED) is a pacesetter within the analysis, growth and commercialization of natural mild emitting diode (OLED) applied sciences and supplies to be used in show, solid-state lighting functions with subsidiaries and workplaces around the globe. Based in 1994, the Firm presently owns, solely licenses or has the only real proper to sublicense greater than 5,000 patents issued and pending worldwide. Common Show licenses its proprietary applied sciences, together with its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED expertise that may allow the event of energy-efficient and eco-friendly shows and solid-state lighting. The Firm additionally develops and provides high-quality, state-of-the-art UniversalPHOLED supplies which are acknowledged as key components within the fabrication of OLEDs with peak efficiency. As well as, Common Show delivers revolutionary and customised options to its shoppers and companions via expertise switch, collaborative expertise growth and on-site coaching. To be taught extra about Common Show Company, please go to https://oled.com/.
Common Show Company and the Common Show Company emblem are emblems or registered emblems of Common Show Company. All different firm, model or product names could also be emblems or registered emblems.
All statements on this doc that aren’t historic, akin to these referring to the affect of the COVID-19 pandemic on the Firm and in any other case, the Firm’s applied sciences and potential functions of these applied sciences, the Firm’s anticipated outcomes and future declaration of dividends, in addition to the expansion of the OLED market and the Firm’s alternatives in that market, are forward-looking monetary statements throughout the that means of the Personal Securities Litigation Reform Act of 1995. You might be cautioned to not place undue reliance on any forward-looking statements on this doc, as they mirror Common Show Company’s present views with respect to future occasions and are topic to dangers and uncertainties that might trigger precise outcomes to vary materially from these contemplated. These dangers and uncertainties are mentioned in larger element in Common Show Company’s periodic reviews on Type 10-Okay and Type 10-Q filed with the Securities and Trade Fee, together with, specifically, the sections entitled “Danger Components” in Common Show Company’s Annual Report on Type 10-Okay for the 12 months ended December 31, 2020 and subsequent Quarterly Reviews on Type 10-Q. Common Show Company disclaims any obligation to replace any forward-looking assertion contained on this doc.
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