Universal Display Corporation, the leading OLED patent licensor and supplier of materials and technologies for energy-efficient OLED displays and lighting, announced that it has purchased the entire worldwide patent portfolio of more than 1,200 OLED patents and patent applications of Fujifilm for $105 million.

Universal Display and Fujifilm have been exploring possible strategic relationships between the two companies, and have agreed to the sale and purchase of Fujifilm’s OLED patent portfolio in connection with a strategic relationship beneficial to both companies. This will allow Universal Display, in addition to strengthening its existing worldwide patent portfolio, to explore new and exciting areas of OLED materials and product development for the future. Fujifilm will expand its business for the supply of Fujifilm’s highly functional materials, such as barrier films, conductive films and flexible substrates, to OLED manufacturers around the world, including Universal Display’s worldwide customer base. Fujifilm and Universal Display intend to strengthen and enhance their strategic alliance in the future.