PPG Industries Inc. (NYSE:PPG) has extended its agreement with Universal Display Corp. of Ewing, NJ, to supply OLED materials and services in response to market growth in OLED lighting and display industries.

As per the new agreement, Pittsburgh, PA-based PPG will remain the exclusive manufacturer of Universal Display’s proprietary phosphorescent OLED materials. The new agreement, which expires on December 31, 2014, will replace Universal Display’s current materials supply and service agreement with PPG Industries.

Using PPG’s material system, Universal Display has developed a warm-white, all-phosphorescent OLED lighting panel with an efficacy of 58 lm/W and 30,000 hours of operating lifetime (to 70 percent of initial luminance). (Source: LEDs magazine)