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Seeya Technology And UDC Announce An OLED Evaluation Agreement

Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED technology and materials, today announced an OLED evaluation agreement through its wholly-owned subsidiary UDC Ireland Limited with Seeya Information Technology Co., Ltd. Under this agreement, Universal Display (UDC) will supply Seeya Technology with its proprietary UniversalPHOLED phosphorescent OLED materials for display applications. Details and financial terms of the agreement have not been disclosed

“Today’s augmented reality and virtual reality products are a mere glimpse into the vast scope of this innovative technology’s great future, and we believe that our OLED microdisplay technology will play a strong role in the market’s future roadmaps,” said Tieer Gu, President and Chief Executive Officer of Seeya Information Technology Co., Ltd. “We are pleased to be working with Universal Display with its 20+ years of experience and know-how in the OLED ecosystem. Partnering and combining our strengths will lead to extraordinary, cutting-edge products for the consumer market.”

“We are pleased to be collaborating with Chinese Micro-OLED developer and manufacturer Seeya Technology,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “The augmented reality/virtual reality (AR/VR) market is an exciting and broadening consumer electronics segment. With its high contrast ratio, fast refresh, and versatile form factor, we believe OLEDs are the best display solution for this growing field. We are delighted to work with and support Seeya Technology with our state-of-the-art, highly-efficient, high-performing proprietary UniversalPHOLED materials.”―Business Wire

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