Merck and Universal Display Corporation (Nasdaq: OLED), today announced a research and development collaboration in the OLED field.
Two key players in the OLED industry are collaborating to accelerate development of new products and for the advancement of OLED technology
Merck, a leading science and technology company, and Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced a research and development collaboration in the OLED field.
With this agreement, two key players in the OLED industry join their know-how to accelerate the development of new products and further advance OLED technology. This joint development program brings together Universal Display Corporation’s expertise in leading-edge phosphorescent OLED emitters and Merck’s state-of-the-art transport materials. The objective is to develop higher performing OLED stacks for OLED manufacturers around the world.
“We are very pleased with this collaboration, as our companies bring a perfectly matching set of know-how to the table,” said Kai Beckmann, CEO Performance Materials and member of the Executive Board of Merck. “This will greatly support each of us in developing innovative products for our customers. Moreover, the new insights will help us to further advance and increase the performance of OLED technology in general, one of the most promising fields for the display industry.”
“We are pleased to be working with Merck and believe that this collaboration of materials expertise will help expand the landscape of bright, beautiful, brilliant OLED displays in the marketplace,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Both companies offer comprehensive portfolios of OLED solutions that complement each other very well, and we look forward to further enabling our customers and the OLED ecosystem.”