Business Context and Reporting Period
Company: Universal Display Corp
Filing Type: Form 8-K (Current Report)
Report Date: January 10, 2012
Event Date: January 5, 2012
Context: The company reported the entry into a material definitive agreement regarding OLED technology licensing.
Key Financial Metrics
This filing does not contain financial statements, revenue figures, profit data, cash flow, margins, debt levels, or liquidity metrics. The document focuses exclusively on a specific contractual agreement.
Material Changes
New Agreement: On January 5, 2012, Universal Display Corp entered into an OLED Technology License Agreement with Lumiotec, Inc. of Japan.
Scope: The agreement grants Lumiotec license rights to various patents and know-how for manufacturing and selling OLED products specifically for lighting applications.
Duration: The term of the agreement extends through December 31, 2015.
Additional Terms: The company separately agreed to sell certain OLED materials to Lumiotec for use in manufacturing the licensed products.
Guidance, Outlook, and Risks
Revenue Model: Lumiotec is obligated to pay license fees and running royalties based on sales of the licensed products.
Management Commentary: The filing contains no forward-looking guidance, risk factors, or management commentary beyond the description of the agreement terms.
Unusual Items: None reported in this filing.
Investor Verification Checklist
- Verify the specific patent portfolio and know-how included in the license granted to Lumiotec.
- Confirm the structure of the license fees and the percentage or calculation method for running royalties.
- Assess the volume and pricing of the separate OLED materials sales agreement.
- Evaluate Lumiotec's market position and capacity in the OLED lighting sector.