Moser Baer India Ltd's US unit said on Monday it has entered into an agreement with Universal Display Corp for technology licensing and material supply for Moser Bear's foray into organic light emitting diodes.
The two companies will also work together in a five-year programme to support Moser Baer's manufacture of phosphorescent organic light emitting diodes (LEDs), Moser Baer said in a statement to the exchange.
Last year, Moser Baer and Universal Display received USD 4 million from the US Department of Energy to design and build the first white organic LED lighting manufacturing facility in the US.
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