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Universal Display Samsung Agreement

Companies say OLED screens are thinner, lighter and offer much faster response times, wider viewing angles, higher contrast ratios, better energy efficiency and lighter, more saturated colors than LCDs. At the Flextech Conference in Phoenix, Arizona, Plastic Logic and Novaled presented a new AMOLED display, truly flexible and fully organic. OLED News said: “This is a very important technological advance. For the first time, we have manufactured an all-plastic AMOLED with backplane electronics in a special low temperature process. The industrial techniques used open up real prospects for the mass production of these screens at a very competitive unit cost. Plastic Logic CEO Indro Mukerjee spoke of 2014 as the year Wearable technology started. He described the progress made below: “Flexible electronics is a reality that has already proven itself by developing and manufacturing plastic, flexible screens and sensors. For the first time, a fully organic and flexible plastic AMOLED demonstration was carried out using an industrial manufacturing process. This marks the beginning of a revolution in wearable products, the nearest limit for the consumer.

[47] Universal Display Corporation today announced the signing of LONG-term OLED supply and licensing agreements with Samsung Display Co., Ltd. This is a very important deal for Universal Display (and of course for Samsung) – it`s a pity we don`t have any further details. UBI Research has published a new report on OLED flexible screens that predicts very rapid growth: from 20 million units in 2012 to 150 million units in 2013. UBI has flexible OLED revenue of $6.3 billion in 2017. This is much more optimistic than the latest market report from Markets and Markets, which sees the entire flexible display market at $3.2 billion in 2017. [42] Shares of Universal Display Corp. OLED, -0.64 percent are up 9.4% in trading Wednesday at noon, after the company said it had entered into new long-term supply and licensing agreements with Samsung Display Co. Ltd. The agreement, which runs until 2022, stipulates that the Universal display will continue to provide OLED materials and technology to Samsung Display.

The agreements could be extended for another two years beyond the end of 2022, Universal Display said in a press release. “For more than 18 years, Samsung Display has been at the forefront of the OLED revolution with its vibrant, colorful and shiny screens. SDC`s revolutionary innovation and manufacturing leader is opening up new avenues for growth in the display industry, including the emergence of new form factors,” said Steven Abramson, CEO of Universal Display, in the press release.