The stock price is basically the same as it was 10 trading days ago, and Goldman analyst Brian Lee's "new" price target is now nearly the same as it was 6 months ago ($42). Not a lot has really changed.
Correct. Here is the quote from the last 10K- "Additionally, we have a license agreement with DuPont Displays for its manufacture of solution-processed OLED display products using proprietary OLED materials obtained through us (2002)."
Its taken 13 years, but it finally looks like DuPont is ready to mass produce OLED solution based materials based largely on UDC's patents. Both a running royalty and cross licensing agreement between DuPont and UDC was entered into back in 2002.
"DuPont Displays, a business unit of DuPont (NYSE: DD) and a leading developer and
manufacturer of polymer organic light emitting diode (polymer OLED) displays,
together with Universal Display Corporation (UDC) (Nasdaq: PANL; PHLX: PNL), a
major innovator of OLED technologies, today announced a joint development
agreement to create a new generation of soluble OLED materials and technology.
UDC and DuPont have also executed a cross-license agreement, under which
DuPont will make an initial payment to UDC and pay UDC a running royalty for
products sold that utilize UDC's background phosphorescent emitter,
transparent cathode and ink jet printing technologies."
"DuPont Displays (DuPont) today announced the opening of a state-of-the-art, scale-up manufacturing facility designed to deliver production scale quantities of advanced materials that enable large-format, solution-based printed Organic Light Emitting Diode (OLED) displays."