Seiko Epson and Universal Display Announce OLED Evaluation Agreement - Business Wire

EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED^® exertion and materials, contiguous announced an OLED valuation statement with Seiko Epson Corporation (TSE: 6724, "Epson"). Under the agreement, Universal Display volition proviso its proprietary phosphorescent OLED materials and exertion to Epson for AR/VR (augmented reality/virtual reality) show applications. Details and fiscal presumption of the statement person not been disclosed.

“We are pleased to proceed our concern with Japanese sheet shaper Seiko Epson,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Our ngo is to alteration our customers and the OLED manufacture with our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials. We look guardant to further collaborating with Epson arsenic the proliferation of OLEDs is expected to broaden and turn successful the user electronics landscape.”

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is simply a person successful the research, improvement and commercialization of integrated airy emitting diode (OLED) technologies and materials for usage successful show and solid-state lighting applications. Founded successful 1994 and with subsidiaries and offices astir the world, the Company presently owns, exclusively licenses oregon has the sole close to sublicense much than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED exertion that tin alteration the improvement of energy-efficient and eco-friendly displays and solid-state lighting. The Company besides develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized arsenic cardinal ingredients successful the fabrication of OLEDs with highest performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners done exertion transfer, collaborative exertion improvement and on-site training. To larn much astir Universal Display Corporation, delight sojourn https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo are trademarks oregon registered trademarks of Universal Display Corporation. All different company, marque oregon merchandise names whitethorn beryllium trademarks oregon registered trademarks.

All statements successful this papers that are not historical, specified arsenic those relating to the projected adoption, improvement and advancement of the Company’s technologies, and the Company’s expected results and aboriginal declaration of dividends, arsenic good arsenic the maturation of the OLED marketplace and the Company’s opportunities successful that market, are forward-looking fiscal statements wrong the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to spot undue reliance connected immoderate forward-looking statements successful this document, arsenic they bespeak Universal Display Corporation’s existent views with respect to aboriginal events and are taxable to risks and uncertainties that could origin existent results to disagree materially from those contemplated. These risks and uncertainties are discussed successful greater item successful Universal Display Corporation’s periodic reports connected Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, successful particular, the conception entitled “Risk Factors” successful Universal Display Corporation’s Annual Report connected Form 10-K for the twelvemonth ended December 31, 2021. Universal Display Corporation disclaims immoderate work to update immoderate forward-looking connection contained successful this document.

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