Universal Display Corporation Purchases FUJIFILM Holdings Corp.'s Worldwide OLED Patent Portfolio

Universal Display Corporation and FUJIFILM Corporation announced that FUJIFILM Holdings Corp. has sold and Universal Display has purchased the entire worldwide patent portfolio of more than 1,200 OLED patents and patent applications of Fujifilm for $105 million. Fujifilm and Universal Display have been exploring possible strategic relationships between the two companies, and have agreed to the sale and purchase of Fujifilm’s OLED patent portfolio in connection with a strategic relationship beneficial to both companies. This will allow Universal Display, in addition to strengthening its existing worldwide patent portfolio. Fujifilm will expand business for the supply of Fujifilm’s functional materials, such as barrier films, conductive films and flexible substrates, to OLED manufacturers around the world, including Universal Display’s worldwide customer base. Fujifilm and Universal Display intend to strengthen and enhance their strategic alliance in the future.