Universal Display Corporation and SFC from Korea announced recently that the companies have entered into a strategic business agreement to develop and commercialize highly-efficient phosphorescent OLED material systems.

Based on Universal Display’s proprietary UniversalPHOLED technology, Universal Display will support SFC’s development and marketing of phosphorescent hosts and other non-emitter materials that are matched to Universal Display’s phosphorescent OLED emitter materials. The companies will market and sell their respective materials that result from the collaboration. As part of the arrangement, SFC will transfer certain existing phosphorescent emitter materials to Universal Display, including manufacturing and sales of these materials.