Tianma Micro-electronics and Universal Display Corporation extend long-term OLED agreements

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EWING, NJ – (COMMERCIAL THREAD) – Universal Display Corporation (Nasdaq: OLED), enabling energy efficient displays and lighting with its UniversalPHOLED® technology and materials, and Tianma Micro-electronics Co. Ltd.天马 微电子 股份有限公司 (SZ.000050), one of China’s leading display panel manufacturers, today announced the extension of their long-term OLED materials licensing and supply agreements. The agreements extend Universal Display’s supply of its proprietary phosphorescent OLED materials and technologies to Tianma Micro-electronics through its wholly owned subsidiary UDC Ireland Limited for an additional term of several years. Details and financial terms of the extended agreements were not disclosed.

Tianma Micro-electronics and Universal Display Corporation (UDC) entered into long-term, multi-year OLED patent licensing and hardware purchase agreements in 2016. The extension of these agreements ensures the continued collaboration and successful partnership between two leading companies in the OLED ecosystem. . Tianma is currently expanding its Gen 6 OLED plant in Wuhan and preparing its new 48 billion yuan (US $ 7.5 billion) OLED manufacturing plant in Xiamen for commercial mass production. UDC will continue to supply its advanced, high performance and highly efficient phosphorescent materials and OLED technologies to support Tianma’s initiatives to provide the best energy efficient OLED displays to OEM customers and consumers around the world.

“We are delighted to extend our long-term agreements with Tianma Micro-Electronics and further strengthen our partnership of innovation, collaboration and excellence,” said Steven V. Abramson, President and CEO of Universal Display Corporation. “Tianma is expanding its leadership in the small and medium display landscape, and its new Gen 6 OLED plant in Xiamen is expected to support their growth. We are delighted to continue our excellent partnership with Tianma, providing our full range of current and next-generation state-of-the-art OLED technologies and hardware solutions with reliable quality and assured delivery, and enabling additional energy savings for the products. OLED. effectively.”

About Tianma Micro-electronics Co. Ltd.天马 微电子 股份有限公司

Tianma Microelectronics Co., Ltd. (Tianma) was founded in 1983 and has been listed on the Shenzhen Stock Exchange since 1995 (SZ. 000050). Tianma specializes in providing personalized display solutions and efficient support services around the world. Tianma has manufacturing plants in Shenzhen, Shanghai, Chengdu, Wuhan, Xiamen and Japan. In addition, Tianma has a well-established global marketing and technical support network, including branches in the United States, Germany, Japan, Korea, Taiwan and Hong Kong, to ensure seamless global support for our clients.

Tianma is committed to providing advanced technology and quality displays to the consumer display market for smartphones, tablets and laptops, and to the professional display market for automotive, medical, POS and HMI applications. Tianma also provides solutions to emerging markets for smart home, smartwatch, AR / VR and UAV. Tianma is committed to continuous technological innovation, superior customer service and the best products for different applications.

Tianma has a full production footprint, from Gen 2 through Gen 6 TFT-LCD (a-Si, LTPS), Gen 5.5 AMOLED, and Gen 6 LTPS-AMOLED. Sales of the G5.5 and G6 LTPS lines in Xiamen are very good. The product portfolio of the Shanghai Tianma G5.5 AMOLED range is continuously updated. The G6 LTPS-AMOLED line in Wuhan is officially released and shipped to the brand’s customers. Xiamen Tianma display technology is currently in the process of moving to the basic equipment to build a flexible AMOLED G6 factory. This plant will strengthen Tianma’s leadership position in high-end small and medium-sized displays and allow Tianma to rank in the top 3 of global AMOLED capabilities.

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light-emitting diode (OLED) technologies and materials for use in solid-state display and lighting applications. . Founded in 1994 and with subsidiaries and offices around the world, the Company currently holds exclusive licenses or has the exclusive right to sublicense over 5,000 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its revolutionary high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and environmentally friendly solid-state displays and lighting. The company also develops and supplies high-quality, state-of-the-art UniversalPHOLED materials which are recognized as key ingredients in the manufacture of OLEDs with peak performance. In addition, Universal Display offers innovative and personalized solutions to its customers and partners through technology transfer, collaborative technological development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand, or product names may be trademarks or registered trademarks.

All statements in this document that are not historical, such as those relating to the Company’s technologies and potential applications of such technologies, the expected results of the Company and the future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in this market are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are urged not to place undue reliance on any forward-looking statements contained in this document, as they reflect current opinions Universal Display Corporation regarding future events and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks and uncertainties are discussed in more detail in Universal Display Corporation’s periodic reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors In the Universal Display Corporation Annual Report. Report on Form 10-K for the fiscal year ended December 31, 2020. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained herein.

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