Royole Corporation and Universal Display Corporation Announce an OLED Evaluation Agreement

Universal Display Corporation announced an OLED evaluation agreement with Royole Corporation, a 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.

UniversalPHOLED materials (Image: Universal Display Corporation)

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.”

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