Moser Baer Technologies Inc., a U.S. subsidiary of Moser Baer India Ltd., and Universal Display Corporation (NASDAQ: PANL), enabling energy-efficient displays and lighting with its UniversalPHOLED technology and materials, today announced that the two companies have agreed to terms of a Memorandum of Agreement for technology licensing, material
supply and technology assistance to support Moser Baer Technologies’ initiatives in white OLED lighting. This agreement follows a program that the two companies
announced last year in which the companies received $4,000,000 from the U.S. Department of Energy to design and build the first white OLED lighting pilot
manufacturing facility in the United States.
