Thursday, 17 Oct 2019

Universal Display and Sumitomo Chemical sign technology license agreement for OLED lighting

Leveraging the licensed technology, is expected to increase the luminous efficacy of Sumitomo's polymer OLED lighting panels

21 Jan 2015 | Editor

Universal Display Corp. and Sumitomo Chemical have announced the signing of a new OLED Technology License Agreement. Under the agreement, Universal Display has granted Sumitomo Chemical non-exclusive license rights, under various patents owned or controlled by Universal Display, to manufacture and sell solution-processed organic light emitting diode (OLED) lighting products. The agreement runs for the life of Universal Display's relevant intellectual property rights.

[Editor's note: Sumitomo appears to be stepping up its interest in commercialising polymer OLED technology for both OLED displays and now OLEd lighting lighting - also see recent announcement Kateeva and Sumitomo announce partnership to speed adoption of inkjet RGB OLED TVs]

Steven V. Abramson, President and Chief Executive Officer of Universal Display said, "Our proprietary UniversalPHOLED technology offers up to four times the efficiency of conventional OLED technology, a critical component for high-performing, energy-efficient solid-state lighting (SSL)." Steven added, "We are pleased to enter into this license agreement with Sumitomo Chemical, one of the early OLED developers, as the company broadens into the growing SSL market."
Toshihisa Deguchi, director & senior managing executive officer of Sumitomo Chemical who also serves as the head of polymer OLED business planning, said, "Leveraging the licensed technology, we will increase the luminous efficacy of our polymer OLED lighting panels." Toshihisa added, "We will explore business opportunities in lighting applications that take our printed polymer OLED technology to the next generation lighting."

www.oled.com    www.sumitomo-chem.co.jp   

About Universal Display Corp

Universal Display Corporation (Nasdaq: OLED) is a leader in developing and delivering state-of-the-art, organic light emitting diode (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the Company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 3,300 issued and pending patents worldwide.

Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED phosphorescent OLED technology, that can enable the development of low power and eco-friendly displays and white lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training.

Source: Universal Display Corp

About Sumitomo Chemical

Headquartered in Tokyo, Japan, Sumitomo Chemical is one of Japan's leading chemical companies, offering a diverse range of products globally in the fields of basic chemicals, petrochemicals, IT-related chemicals, health & crop science products, and pharmaceuticals.

Source: Sumitomo Chemical

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