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Universal Display to Collaborate with Idemitsu Kosan for Development Work

Idemitsu Kosan develops materials for organic LED display manufacturers.Electronic display developer Universal Display (Nasdaq: PANL) in Ewing signed a collaboration agreement with Idemitsu Kosan in Tokyo to speed up the development of blue phosphorescent organic LED materials for digital displays. Idemitsu Kosan develops and commercializes such materials for organic LED display manufacturers. Shares of Universal Display were up $0.01 to $12.87 in morning trading.

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