(Image: Universal Display Corporation)

Universal Display Corporation announced that the Company and display manufacturer Sharp have entered into an extended and updated evaluation agreement.

Under the agreement, Universal Display will supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Sharp for use in the Company’s OLED displays. Details and financial terms of the agreement have not been disclosed.

“We are pleased to extend and expand our collaborative partnership with Sharp, a pioneer in the display industry,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation.

“OLED technology is paving extraordinary paths for cutting-edge consumer display products. The growth of our relationship with Sharp highlights our strong position as a leading enabler in the OLED ecosystem with our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials,” he concluded.