Universal Display, PPG ink new supply agreement

Ewing, N.J. — Universal Display Corp. and PPG Industries have entered into a new organic light-emitting diode (OLED) materials supply and service agreement. Under the agreement, PPG, based in Pittsburgh, Pa., will remain the exclusive manufacturer of Universal Display’s proprietary phosphorescent OLED materials.

“We are extremely pleased to continue our strong supply partnership with PPG Industries, a world leading supplier of coatings and specialty products. For over a decade, our teams have worked very closely to produce our proprietary phosphorescent OLED materials to the highest of manufacturing and quality control standards,” stated Steven V. Abramson, president and chief executive officer of Universal Display.

“The entire team at PPG has done an excellent job to support Universal Display and the commercialization of its line of energy-efficient phosphorescent OLED products. Under the new agreement, we look forward to continuing to work closely with PPG to meet the high-volume needs of the growing OLED display and lighting industries with cost-effective, high-performance phosphorescent OLED materials,” added Abramson.

The new agreement will replace Universal Display’s current OLED Materials Supply and Service Agreement with PPG Industries. The term of the new agreement runs through December 31, 2014.