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   Technology StocksOLED Universal Display Corp


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To: mikeemarc who wrote (25766)4/21/2021 2:43:41 PM
From: chessboard_andy
   of 26190
 
Tech showcase site run by LG Display (not LG Electronics.) I love the fact that the "Store" link includes links to online and brick and mortar retailers all around the world and that the links take you to brand neutral searches for OLED Televisions regardless of OEM.

It also has a nice Media Feed and numerous featurettes. The entire site is available in English, Korean and Chinese.

OLEDSPACE Website

Well done marketing site and worth a bookmark.

(If this has been previously posted I apologize for the duplication. I just happened upon it for the first time from the LG Display corporate site.)

Andy

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To: ynotgoal who wrote (25890)4/21/2021 5:09:11 PM
From: slacker711
2 Recommendations   of 26190
 
It is just a ballpark figure.

The inventory is held at cost so it represents roughly 20% of the potential sales revenue. $450m in material revenues is about half the consensus revs over the next 18 months. UDC should certainly have no problems holding off an raw material purchases for a few months if they know this is a short-term issue.

Surprisingly, the price of iridium isn't mentioned as a risk factor in their 10k. Maybe they have long-term contracts in place?

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To: slacker711 who wrote (25892)4/21/2021 6:17:51 PM
From: A.J. Mullen
   of 26190
 
The price of iridium has been discussed a number of times. A month ago I'manoledfan warned:

This sharp increase in Iridium price could effect Universal Display's margins - and may result in an increase in material prices. UDC is bound in long-term agreements with its customers - but it could be that the price is tied to the price of Iridium, which could mean that the price of OLED panels may increase. SI 25719


Hours later, he wrote:

I'm sure UDC's management is keenly aware of supply and cost of iridium. It would not surprise me to find that they have a 2 year supply on hand, even with production set to double over the next few years. I forget how many cell displays can be made with a single gram but it is a lot of screens. Time will tell. SI 25711


I find the latter paragraph reassuring.

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To: Ravid.Ron who wrote (25880)4/21/2021 9:30:29 PM
From: DaYooper
1 Recommendation   of 26190
 
Please continue posting your translations of the news articles when you have time. We all appreciate it very much and we understand some translations are not perfect. No problem! And thank you for all the information you have provided over the last few years.

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From: I'manoledguy4/22/2021 9:07:08 AM
1 Recommendation   of 26190
 
Problem of catastrophic Oled lighting failures --a possible solution from UDC

By isolating and hermetically sealing individual pixels; any damage such as moisture and oxygen ingress due to defects or particles, delamination, cracking etc. can be effectively contained within the pixel thereby protecting other pixels in the panel.

------------

The main external factor influencing the dark spot formation is the presence of humidity, dust particles, pinholes, spikes on ITO, short circuit, etc

Link to some good reading on topic above

onlinelibrary.wiley.com


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From: Dkjunior1434/22/2021 4:22:31 PM
9 Recommendations   of 26190
 
And the hits keep on coming ... woo hoo!



Visionox Technology, Inc. and Universal Display Corporation Extend Long-Term OLED Agreements

4:15pm ET, 04/22/2021 - Business Wire

HEFEI, China & EWING, N.J.--(BUSINESS WIRE)--Apr. 22, 2021-- Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, and Visionox Technology, Inc., a leading Chinese display panel manufacturer, today announced the extension of their long-term OLED material supply and license agreements. The agreements extend Universal Display’s supply of its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Visionox Hefei Technology Co. Ltd. through its wholly-owned subsidiary UDC Ireland Limited. The new agreements run for five years. Further details and financial terms of the agreements have not been disclosed.

This press release features multimedia. View the full release here: businesswire.com

“It is an exciting time in the OLED market as new products are launched that showcase the benefits of innovative form factor, high contrast ratio, wide color gamut, rich color saturation and fast response times,” said Zhang Deqiang, President of Visionox Technology, Inc. “We are pleased to strengthen our partnership with Universal Display Corporation and extend our material and license agreements. Our collaboration with UDC enables us to reach our goal of providing best-in-class, energy-efficient, OLED displays in this growing industry.”

“We are pleased to expand and extend our long-term agreements with Visionox Technology to ensure the continued supply of our highly-efficient, high-performing, proprietary, phosphorescent materials for their broadening OLED product portfolio,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Visionox’s investments in OLED capacity, including its new Gen 6 flexible Hefei fab, are expected to help fuel the ongoing proliferation of cutting-edge OLEDs in the consumer electronics landscape. With our deep and broad experience and know-how of more than two-and-half decades of pioneering research, we are continually discovering, designing and delivering the best OLED emissive layer materials to support and enable the industry and look forward to further growing our partnership with Visionox.”

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To: Dkjunior143 who wrote (25896)4/22/2021 6:19:10 PM
From: DaYooper
1 Recommendation   of 26190
 
Their last agreement was June 2018 so just under three years ago.

ir.oled.com

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To: Dkjunior143 who wrote (25896)4/22/2021 6:29:22 PM
From: slacker711
   of 26190
 
This agreement is even harder to explain than the LGD agreement.

Access to tandem IP seems unlikely to be a priority for Visionox.

Plasmons? Blue?

on the negative side, I really hope that UDC isn't making any moves based on the price moves in iridium.

Overall, I don't have a clue.

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To: Dkjunior143 who wrote (25896)4/22/2021 7:38:06 PM
From: mirage2017
2 Recommendations   of 26190
 
Something is prompting these early renewals and my guess is blue. This is very good news.

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To: slacker711 who wrote (25898)4/22/2021 9:36:24 PM
From: ynotgoal
   of 26190
 
Overall, I don't have a clue.

Me either. It should make for an interesting conference call in 2 weeks and annual shareholder meeting on June 17. It's unlikely but the only thing that comes to mind specifically for Visionox is they never said the length of their contract so I guess its possible it was a 3 year deal. Seems unlikely given the timing with LG.

UDC also put out an SEC filing for the ASM tonight which they normally do at this time. This next is just wild observations looking for dots to connect for some clue. The one thing in the filing is they renamed the "Compensation Committee" to the "Human Capital Committee". Changing the name is generally not newsworthy but also odd. The stated reason is "to emphasize that this committee’s focus is broader than simply compensation". Yet each of the stated duties is to determine executive compensation. They also added a third member to this Human Capital Committee, Keith Hartley, 77, who is on the board. He background is in the capital markets.

This has likely always been there but one of the duties is "10. Review and approve the compensation package for any newly elected CEO." Just to note Steve Abramson is 69 and Sid Rosenblatt is 73. UDC might want to re-up contracts if they are expecting to look for a new CEO or a buyout and a Human Capital Committee would seem like the place to evaluate a potential new CEO. Steve and Sid would receive over $70 million apiece in a buyout scenario.

None of those give a reason for LG and Visionox to want to extend the contracts early though. I'm not sure a UDC technology like blue does that either but it could be. It will be interesting to hear the real reasons soon.

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