Moser Baer, Universal Display sign MoU

Our Bureau New Delhi | Updated on February 09, 2011

Moser Baer Technologies Inc, a US subsidiary of Moser Baer India Ltd and Nasdaq listed Universal Display Corporation, have entered into an MoU technology licensing, material supply and technology assistance to support Moser Baer Technologies' initiatives in white OLED lighting.

This agreement follows a programme that the two companies announced last year, in which the companies received $4,000,000 from the US Department of Energy to design and build the first white OLED lighting pilot manufacturing facility in the US , a company release said.

Under the agreement, Moser Baer Technologies will licence Universal Display's proprietary PHOLED and other OLED technologies and purchase Universal Display's highly energy-efficient UniversalPHOLED materials for white OLED panel manufacturing.

Moser Baer Technologies and Universal Display will also work together in a five-year programme to support Moser Baer's manufacture of white PHOLED lighting products.

The establishment of Moser Baer Technologies' pilot manufacturing facility is a key next step in the development of a manufacturing base and market for white OLED lighting products in the US.

Mr Steven V. Abramson, President and Chief Executive Officer of Universal Display, said, “This MoU will accelerate the development and manufacturing of phosphorescent OLED lighting panels by Moser Baer in the development of low cost, high volume manufacturing facilities.”

Published on February 09, 2011

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