Business Context and Reporting Period
Company: Universal Display Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: January 22, 2009
Event Date: January 22, 2009
This filing reports an amendment to previously disclosed agreements with Kyocera Corporation regarding OLED technology licensing and material supply.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a contractual amendment and does not contain financial performance data.
Material Changes
- Agreement Amendment: The company amended the OLED Technology License and Technical Assistance Agreement and the Commercial OLED Material Supply Agreement entered into with Kyocera Corporation on July 28, 2008.
- Effective Date Extension: The deadline for Kyocera Corporation to provide notice for the agreements to become effective has been extended from December 31, 2008, to December 31, 2009.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the extension of the notice period for the Kyocera agreements but provides no additional commentary on future financial guidance or operational outlook.
Risks and Contingencies: The filing does not explicitly detail new risks, though the extension of the effective date implies a delay in the commercialization or licensing timeline with Kyocera.
Investor Verification Checklist
- Verify the specific terms of the amended agreements with Kyocera Corporation.
- Confirm whether the extension to December 31, 2009, impacts the company's projected revenue timeline for OLED materials.
- Review subsequent filings to determine if Kyocera has provided the required notice to activate the agreements.