The key component of the future PANDA experiment at FAIR is a fixed-target detector for collisions of antiprotons with a proton target up to a beam momentum of 15 GeV/c and is designed to address a large number of open questions in the hadron physics sector. In order to guarantee an excellent PID for charged hadrons in the polar angle range between $5^circ$ and $22^circ$, a new type of Cherenkov detector called Endcap Disc DIRC (EDD) has been developed for the forward endcap of the PANDA target spectrometer. The desired separation power of at least 3 s.d. for the separation of $pi^pm$ and $K^pm$ up to particle momenta of 4 GeV/c was determined with simulation studies and validated during various testbeam campaigns at CERN and DESY.