The new deal will run until the end of 2011, and will see LG pay the American firm licence fees. The news comes on the back of reports that Samsung have also extended their agreement with UDC until September 2011, reports OLED Info. The original agreement between the two companies was signed in May 2007.
Although the extension is short, UDC and LG are still negotiating terms on a long term contract.
Documents and links
-
OLED Info report
UDC and LG renewed their OLED commercial supply agreement till the end of 2011
External Link
-
Subscribe to +Plastic Electronics magazine
Subscribe to +Plastic Electronics magazine, published six times a year, for just £100/€110/$160. Find out more here
External Link