updated 08:15 am EDT, Tue August 23, 2011
Samsung and Universal Display sign PHOLED deal
Samsung Mobile Display has teamed with Universal Display in a push for lower-power OLED displays. The two companies have entered into a licensing agreement that will allow Samsung to use Universal Display's PHOLED technology in its OLED panels. Phosphorescent OLED panels can consume up to four times less power than OLED panels without the technology, which will translate to substantially longer battery life for mobile device users.
While PHOLED technology has been implemented for commercial use since around 2003, Universal Display has refined it to the point where it has resulted in reductions in power consumption not previously thought possible from OLED displays.
Under the license agreement, Universal Display has granted Samsung license rights to manufacture and sell phosphorescent OLED display products. Under a supplemental agreement, Samsung has also agreed to purchase from Universal Display a minimum amount of phosphorescent OLED material for Samsung's use in the manufacture of licensed products.
The agreements run through December 31, 2017.