| Universal Display Corp., a developer of OLED technologies and materials, and SFC Co. Ltd., a fine chemicals manufacturer, have entered into a strategic business agreement to develop and commercialize highly-efficient phosphorescent OLED (PHOLED) material systems.
Based on Universal Display's proprietary UniversalPHOLED technology, the company will support SFC's development and marketing of phosphorescent hosts and other non-emitter materials that are matched to Universal Display's PHOLED 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 CEO of Universal Display.
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