Universal Display Corporation and Sumitomo Chemical Company Ltd. announced the signing of a new OLED Technology License Agreement. Under the agreement, Universal Display has granted Sumitomo Chemical non-exclusive license rights, under various patents owned or controlled by Universal Display, to manufacture and sell solution-processed organic light emitting diode (OLED) lighting products. The agreement runs for the life of Universal Display's relevant intellectual property rights.
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- Universal Display and Sumitomo Chemical Sign Technology License Agreement for Solution-Processed OLED Lighting Devices