Royole Corporation and Universal Display Corporation Announce an OLED Evaluation Agreement
December 13 2017 - 3:05PM
Business Wire
Universal Display Corporation (Nasdaq: OLED), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, today announced an OLED evaluation
agreement with Royole Corporation, a global pioneer and developer
of advanced flexible OLED displays, flexible sensors, and smart
device electronics. Under this agreement, Universal Display (UDC)
will collaborate with Royole Corporation and supply its proprietary
UniversalPHOLED phosphorescent OLED materials and technology for
Royole’s display applications. Details and financial terms of the
agreement have not been disclosed.
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In the fourth quarter of 2015, Royole Corporation began
development and construction on its $1.7 billion Quasi-G6 fully
flexible OLED display fab in Shenzhen, China. The annual capacity
of the new production line is slated to be more than 50 million
OLED display units, and able to support a large number of
applications in consumer electronics, intelligent transportation,
smart home appliances, sportswear, fashion, home decor, robotics,
education and many other industries.
“Royole aims to develop a flexible electronics technology
platform that can potentially serve applications in different
market sectors. To address the challenges in this emerging field,
Royole has an excellent record of engagement with important
industry partners in strengthening our technology, and particularly
towards production,” said Dr. Bill Liu, Chief Executive Officer of
Royole Corporation. “Universal Display Corporation has been one of
the leading developers of high-performance OLED materials, namely
phosphorescent emitters. Royole looks forward to collaborating with
UDC on OLED materials for applications in our novel flexible
electronic products.”
“We are pleased to form this collaborative relationship with
Royole Corporation, an emerging OLED manufacturer of innovative
flexible display technologies and applications,” said Steven V.
Abramson, President and Chief Executive Officer of Universal
Display Corporation. “The brilliant benefits of OLEDs include that
ability to manufacture these thin-film layers on plastic, making
OLEDs inherently conformable, foldable and roll-able. As Royole
continues to commercialize its flexible OLED display technology to
enable new form factors and applications, we look forward to
supplying them with our highly-efficient, high-performing
proprietary UniversalPHOLED materials.”
About Royole Corporation
Founded by Stanford engineering graduates in 2012, Royole's
mission is to improve the way people interact with and perceive the
world. The company creates and manufactures next-generation
human-machine interface technologies and products including
advanced flexible displays, flexible sensors, and smart devices.
Technology milestones include the world's thinnest full-color
AMOLED flexible display and flexible sensors (2014), the world's
first foldable 3D mobile theater (2015), and the world's first
curved car dashboard based on flexible electronics (2016).
Royole has received numerous global awards for its technology
innovations and fast growth. Holding over 1,500 IPs, it provides IP
licenses, services, and, mass production and solutions for flexible
electronics applications. Royole, backed by leaders in global
finance, has announced a new 1.1-million-square-foot flexible
display production campus in Shenzhen, China with a total
investment of USD $1.7B. Royole has offices in Fremont, CA, Hong
Kong, and Shenzhen, China. For more information, please visit:
www.royole.com.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in
developing and delivering state-of-the-art, organic light emitting
diode (OLED) technologies, materials and services to the display
and lighting industries. Founded in 1994, the Company currently
owns or has exclusive, co-exclusive or sole license rights with
respect to more than 4,500 issued and pending patents worldwide.
Universal Display licenses its proprietary technologies, including
its breakthrough high-efficiency UniversalPHOLED® phosphorescent
OLED technology that can enable the development of low power and
eco-friendly displays and solid-state lighting. The Company also
develops and offers high-quality, state-of-the-art UniversalPHOLED
materials that are recognized as key ingredients in the fabrication
of OLEDs with peak performance. In addition, Universal Display
delivers innovative and customized solutions to its clients and
partners through technology transfer, collaborative technology
development and on-site training. To learn more about Universal
Display Corporation, please visit http://www.oled.com.
Universal Display Corporation and the Universal Display
Corporation logo are trademarks or registered trademarks of
Universal Display Corporation. All other company, brand or product
names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as
those relating to Universal Display Corporation’s technologies and
potential applications of those technologies, the Company’s
expected results, as well as the growth of the OLED market and the
Company’s opportunities in that market, are forward-looking
financial statements within the meaning of the Private Securities
Litigation Reform Act of 1995. You are cautioned not to place undue
reliance on any forward-looking statements in this document, as
they reflect Universal Display Corporation’s current views with
respect to future events and are subject to risks and uncertainties
that could cause actual results to differ materially from those
contemplated. These risks and uncertainties are discussed in
greater detail in Universal Display Corporation’s periodic reports
on Form 10-K and Form 10-Q filed with the Securities and Exchange
Commission, including, in particular, the section entitled “Risk
Factors” in Universal Display Corporation’s annual report on Form
10-K for the year ended December 31, 2016. Universal Display
Corporation disclaims any obligation to update any forward-looking
statement contained in this document.
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version on businesswire.com: http://www.businesswire.com/news/home/20171213006122/en/
Universal Display:Darice Liu, 609-671-0980
x570investor@oled.commedia@oled.comorRoyole
Corporation:Andrew Wille, Copernioroyole@copernio.com
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