Dec. 11, 2002 – Wilmington, DE, and Ewing, NJ – DuPont Displays, a business unit of DuPont and a developer and manufacturer of polymer OLED displays, together with Universal Display Corp. (UDC), an innovator of OLED technologies, have signed a joint development agreement to create a new generation of soluble OLED materials and technology.
UDC and DuPont have also executed a cross-license agreement, under which DuPont will make an initial payment to UDC and pay UDC a running royalty for products sold that utilize UDC’s background phosphorescent emitter, transparent cathode, and ink jet printing technologies.
The joint development agreement establishes an IP collaboration aimed at combining elements of both small molecule OLED and solution processible OLED research. DuPont intends to use the results of this strategic alliance to expand its OLED manufacturing capability. UDC, in turn, will have the exclusive right to license the results of the collaboration to third parties.