This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Universal Display Contracts With Duksan Hi-Metal To Provide Manufacturing Services For OLED Host Material In Korea

Universal Display Corporation (NASDAQ:PANL), a leading OLED licensor and supplier of materials and technologies for energy-efficient OLED displays and lighting, and Duksan Hi-Metal Company Limited (KOSDAQ:077360), a leading Korea-based manufacturer of electronic materials for OLEDs, announced today that the companies have entered into a master services agreement to enhance Universal Display’s local presence and expansion in Korea. As the first initiative under the agreement, Duksan will provide manufacturing services for one of Universal Display’s host products for certain Korean customers. Universal Display and Duksan will also explore additional areas for collaboration to better serve and support the needs of the growing Korean OLED industry.

“We are very happy to cooperate with Universal Display. This agreement will be mutually beneficial to both companies and it is expected that there will be substantial synergy effects between both of us, global leaders in the OLED material industry,” said Byoung Joo Kang, Chief Executive Officer of Duksan Hi-Metal. “There’s no doubt that especially both companies will contribute to the development of the OLED industry through the works derived from two companies long mass-production experience and technical know-how.”

“We are very pleased to announce this strategic collaboration with Duksan Hi-Metal, a leading Korean-based manufacturer of electronic materials for the OLED industry. Duksan has built a very impressive team and a state-of-the-art OLED manufacturing facility to produce cost-effective OLED products using high-quality manufacturing standards,” said Mr. Steven V. Abramson, President and Chief Executive Officer at Universal Display. “It is important to grow our company’s local presence in Korea, and this new relationship helps support the growth of Universal Display’s high-performance products and the expansion of OLED manufacturing infrastructure in Korea.”

Duksan Hi-Metal is a leading company in high-performance OLED technology and material in terms of Hole Transport Layer (HTL) material and also has a state-of-art OLED manufacturing facility with a ton-based capacity.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,886.46 -89.85 -0.50%
S&P 500 2,077.06 -9.18 -0.44%
NASDAQ 4,923.7950 -23.6460 -0.48%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs