Universal Display has spent $105 million to buy FUJIFILM’s entire worldwide patent portfolio of more than 1,200 OLED patents and patent applications.

Universal Display is expanding its business for OLED materials and the licensing of its patented OLED technologies through this acquisition. “This transaction will almost double Universal Display's patent portfolio,” noted Steven V. Abramson, president and CEO of Universal Display, who called the patent buy and the collaboration with Fujifilm a rare opportunity.

In addition to the patent sale, the 2 companies are engaged in “a strategic relationship,” with strengthened and enhanced alliances between the companies. Fujifilm will expand its business for the supply of Fujifilm's highly functional materials, such as barrier films, conductive films and flexible substrates, to OLED manufacturers globally, including Universal Display's worldwide customer base. Universal Display will develop new technologies and processes for OLED manufacturing.