Business Context and Reporting Period
Company: Universal Display Corp
Filing Type: Form 8-K (Current Report)
Date of Report: December 17, 2009
Event: Entry into a Material Definitive Agreement.
Key Financial Metrics
This filing reports a strategic licensing agreement and does not contain specific financial statements, revenue figures, profit margins, cash flow data, debt levels, or liquidity metrics. The filing text does not provide a clear value for these items.
Material Changes and Agreement Details
On December 17, 2009, Universal Display Corp entered into an OLED Technology License Agreement with Showa Denko K.K. of Japan. Key terms include:
- Licensed Technology: Patents and know-how for manufacturing OLED products for lighting applications using solution processing methods.
- Counterparty Rights: Showa Denko is granted rights to manufacture and sell the licensed products.
- Compensation: Showa Denko will pay license fees and running royalties based on sales of the licensed products.
- Term: The agreement runs through the expiration of the licensed patents.
Guidance, Outlook, and Risks
The filing does not provide updated financial guidance, management commentary on future outlook, specific risk factors, or contingencies related to this agreement beyond the standard terms of the license.
Investor Verification Checklist
- Verify the specific royalty rates and upfront license fee amounts, which are not disclosed in this summary.
- Confirm the expiration dates of the specific patents covered under the agreement.
- Assess the potential revenue impact of Showa Denko's entry into the OLED lighting market.
- Review subsequent filings for any amendments or financial impact disclosures related to this agreement.