Universal Display Corporation of Ewing, New Jersey USA, reported that with Tianma, a Chinese small- and medium-sized display panel manufacturer, it signed an OLED Technology License Agreement and Supplemental Material Purchase Agreement. Both agreements run for five years. Tianma is a China-based producer of AM-OLED technology and a leader in AMOLED production capacity. In May, Tianma demonstrated its latest OLED technology in several display prototypes at Display Week 2016 International Symposium, Seminar, and Exhibition.
Under the terms of the license agreement, Universal Display, through its subsidiary UDC Ireland Ltd, has granted Tianma Micro-electronics a non-exclusive license to use various OLED patents that it owns or controls to manufacture and sell OLED display products. Additionally, the supply agreement between the companies stipulates that Universal Display will supply phosphorescent OLED materials to the chinese firm for use in its licensed products.
Tianma operates a Gen 5.5 AMOLED production facility in Shanghai that began manufacturing AMOLED modules for the intelligent mobile terminals of some of its brand clients this year. The chinese company is reportedly also increasing its OLED production equipment investments to ramp up capacity for commercial mass production.
Steven V. Abramson, president and CEO of Universal Display, commented, “Tianma has been at the forefront of OLED R&D in China for a number of years, and we look forward to working with Tianma to advance their commercial OLED product pipeline with our proprietary OLED technologies and materials.”
Abramson continued, “Around the world, we believe that OLED research, development, and investment activities are gaining tremendous ground, as consumer demand for cutting-edge, fast-response, thin, energy-efficient displays continues to rise, in products such as smartphones, wearables, tablets and automotive.”
