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.

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