Royole Corporation, Universal Display Announce OLED Evaluation Agreement

Universal Display announced an OLED evaluation agreement with Royole Corporation, a developer of advanced flexible OLED displays, flexible sensors and smart device electronics. Under this agreement, Universal Display (UDC) will collaborate with Royole Corporation and supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology for Royole’s display applications. Details and financial terms of the agreement have not been disclosed.
 
In the fourth quarter of 2015, Royole Corporation began development and construction on its $1.7 billion Quasi-G6 fully flexible OLED display fab in Shenzhen, China. The annual capacity of the new production line is slated to be more than 50 million OLED display units, and able to support a large number of applications in consumer electronics, intelligent transportation, smart home appliances, sportswear, fashion, home decor, robotics, education and many other industries.
 
“Royole aims to develop a flexible electronics technology platform that can potentially serve applications in different market sectors,” said Dr. Bill Liu, CEO of Royole Corporation. “Universal Display Corporation has been one of the leading developers of high-performance OLED materials, namely phosphorescent emitters. Royole looks forward to collaborating with UDC on OLED materials for applications in our novel flexible electronic products.”