Universal Display Corp. has signed a three-year agreement with Plextronics Inc. to expand their development of next-generation solution-processible OLED material systems for displays and lighting applications.

The OLED supplier invested $4 million in Plextronics to accelerate the development and commercialization of solution-based OLED material systems that incorporate Plextronics’ hole injection layer (HIL) and hole transport materials with its phosphorescent OLED emissive layer materials.

“Plextronics has worked closely with Universal Display to develop initial Plexcore HIL products for Universal Display’s UniversalP2OLED platform,” said Andy Hannah, president and CEO of Plextronics. “The results of these efforts were compelling to the point it made sense to expand the relationship to include hole transport layer materials in order to achieve the next level of performance.”

“By combining our UnversalP2OLED printable, phosphorescent OLED material systems with Plextronics’ hole injection and transport materials, our goal is to develop high-performance, solution-based OLED material systems that can enable the implementation of ink-jet, nozzle and other potentially cost-effective solution-processing manufacturing techniques,” said Steven V. Abramson, president and CEO of Universal Display.