Universal Display Corporation (UDC) has acquired the phosphorescent OLED emitter intellectual property (IP) assets of Merck KGaA. The portfolio, which has an average lifetime of 10 years, includes over 550 issued and pending patents worldwide in 172 patent families, representing more than 15 years of research and development. UDC has also entered into a new multi-year collaboration agreement with Merck KGaA that pertains to UDC’s leading-edge green and yellow phosphorescent emitters and Merck’s transport and host materials. The strategic acquisition enhances UDC’s position in the OLED ecosystem and its extensive research and intellectual property portfolios.
Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that through its wholly-owned subsidiary UDC Ireland Limited, UDC has acquired the Phosphorescent OLED Emitter Intellectual Property (IP) assets of Merck KGaA, Darmstadt, Germany, a leading science and technology company. Representing more than 15 years of research and development, this portfolio has an average lifetime of 10 years and includes over 550 issued and pending patents around the world in 172 patent families. In addition, Universal Display Corporation and Merck KGaA, Darmstadt, Germany, entered into a new multi-year collaboration agreement that pertains to UDC’s leading-edge green and yellow phosphorescent emitters and Merck KGaA, Darmstadt, Germany’s state-of-the-art transport and host materials to create advanced PHOLED stacks.
“We are pleased to complement and boost our vast global IP framework with Merck KGaA, Darmstadt, Germany’s phosphorescent emitter patents and announce the extension and expansion of our OLED materials partnership,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “This strategic acquisition enhances our robust position in the OLED ecosystem. As the pioneer and leader in phosphorescent OLED technologies and materials, we are well situated to leverage Merck KGaA, Darmstadt, Germany’s discoveries into our extensive research and intellectual property portfolios.”
“This portfolio represents the culmination of years of research by distinguished scientists and we are pleased that UDC will incorporate our inventions into their worldwide patent portfolio and competencies,” said Dr. Gottfried Wastlbauer, Head of Global Marketing of Display Solutions at the Electronics business of Merck KGaA, Darmstadt, Germany. “We believe that our triplet emitter IP and know-how seamlessly fits into UDC’s comprehensive intellectual property library and that these assets will be well maximized in their research and development programs. The new partnership with UDC is a strategic move towards accelerating the growth of our OLED business. As a leading OLED material company, having access to UDC’s leading-edge emitters will benefit our development of transport materials and most importantly boost our capabilities to develop new host materials.”
Source: BioSpace
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