Universal Display Corporation, a key innovator behind today and tomorrow’s displays and lighting through its high-efficiency UniversalPHOLED™ technology, and SFC Co., Ltd., a fine chemicals manufacturer leading the edge of OLED materials, announced today that the companies have entered into a strategic business agreement to develop and commercialize highly-efficient phosphorescent OLED material systems.
Based on Universal Display’s proprietary UniversalPHOLED technology, Universal Display will support SFC’s development and marketing of phosphorescent hosts and other non-emitter materials that are matched to Universal Display’s phosphorescent OLED emitter materials. The companies will market and sell their respective materials that result from the collaboration. As part of the arrangement, SFC will transfer certain existing phosphorescent emitter materials to Universal Display, including manufacturing and sales of these materials.
“We are delighted to begin this collaboration with SFC, a highly respected Korean developer and manufacturer of OLED materials,” says Steven V. Abramson, President and Chief Executive Officer of Universal Display. “By combining our UniversalPHOLED emitter materials with SFC’s hosts and other OLED materials, we hope to further accelerate the availability of high-performance phosphorescent materials systems for manufacturers of OLED display and lighting products.”
“We are quite certain that the cooperation provides both of us with solid and much bigger business potentials by the ideal combination of the key elements of competitiveness from two companies,” stated Dr. Yong-Kwan, Kim, CEO of SFC Co., Ltd. “We believe that the combined effect of SFC’s long-term accumulated capabilities about OLED material systems and UDC’s PHOLED emitter technology will deliver a wider range of advantages to our customers, contributing to push the market forward.”
