UDC Signs Agreement to Provide PHOLED(TM) Material to AUO

Universal Display Corporation announced today that the Company has entered into an agreement with AU Optronics, to supply the Company's proprietary PHOLED(TM) phosphorescent OLED material for use in an active matrix OLED product.

Universal Display's proprietary PHOLED technology offers up to four times higher efficiency than conventional OLED technology - a feature that is very important for today's battery-operated cell phones and other portable devices, as well as for tomorrow's large-area TVs and solid-state lighting products. Over the past few years, the Company has announced a series of record-breaking performance milestones for its red, green and blue PHOLED systems. The Company's PHOLED materials, manufactured by PPG Industries exclusively for Universal Display, are currently being evaluated and used in commercial production by a number of electronics manufacturers.