Universal Display Seals the Deal With China's BOE Technologies

Universal Display Seals the Deal With China's BOE Technologies

Shares of Universal Display Corporation (NASDAQ: OLED) jumped as much as 10.4% early Friday, then settled to close up 3.2% after the OLED technologist announced new long-term OLED agreements with BOE Technology Group, China's largest display maker. Under the agreements, Universal Display will provide phosphorescent OLED materials to BOE through its wholly owned UDC Ireland subsidiary.

With shares of Universal Display once again hovering near all-time highs, let's a take a closer look at what this means for Universal Display investors going forward.

Image source: Universal Display.

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Source: Fool.com