Universal Display (UDC) has announced that Philips will start using its phosphorescent OLED (PHOLED) technology in commercial lighting products.
Successful evaluation
This step is a confirmation of the efficacy of the PHOLED technology and materials developed by the New Jersey-based company. It started supplying these to Philips Lighting's R&D division in November 2013 as part of an evaluation programme.
This step is a confirmation of the efficacy of the PHOLED technology and materials developed by the New Jersey-based company. It started supplying these to Philips Lighting's R&D division in November 2013 as part of an evaluation programme.
UDC CEO, Steven Abramson says: 'We are excited to extend our working relationship with Philips, the global leader in lighting. This is an important next step for UDC. It demonstrates the continued acceptance of UDC's phosphorescent OLED technology and materials by the emerging OLED lighting industry for high performance, energy-efficient solid-state lighting.'
Philips has invested heavily $57 million in developing OLED lights under the brand Lumiblade.
Energy efficient
UDC reports its PHOLEDs are up to four times as efficient as competing OLED lighting technologies. They also give excellent colour quality, which is a key factor in domestic lighting.
UDC reports its PHOLEDs are up to four times as efficient as competing OLED lighting technologies. They also give excellent colour quality, which is a key factor in domestic lighting.
By 2019 it is estimated that the world production for OLEDs will be 40 million panels.According to Nanomarkets, this market will equate to a $1.4 billion (€1.05 billion) - with domestic lighting applications will being worth $400 million and office lights $380 million.
Material demand
On 7 August, UDC published its results for Q2 of 2014. These reported revenues of $64.1 million - a 30% increase on the same period in 2013, with much of the increase being attributed to a 32% rise in income from material sales,
On 7 August, UDC published its results for Q2 of 2014. These reported revenues of $64.1 million - a 30% increase on the same period in 2013, with much of the increase being attributed to a 32% rise in income from material sales,
PPG Industries is one industry that produces UDC's PHOLEDs. It anticipating a rise in the market when it invested over $9 million (€6.6 million) to scale up the output of its PHOLED production facility in Barbeton, Ohio in November 2013.
Beyond lighting
Diversification through the deal with Philips is significant as the majority of UDC's revenue -estimated at 85% - now comes via a licencing agreement with Samsung Display. Samsung use these to make screens for smartphones, tablets and wearable devices like smartwatches.
Diversification through the deal with Philips is significant as the majority of UDC's revenue -estimated at 85% - now comes via a licencing agreement with Samsung Display. Samsung use these to make screens for smartphones, tablets and wearable devices like smartwatches.
UDC is engaging with other partners looking to establish themselves in the consumer AMOLED screen market. In July 2014, UDC announced it was starting to send PHOLED materials to China's BOE Technologies as part of another evaluation agreement.
The Beijing-based company is trialling the materials for use in consumer displays - initially intended for the local smartphones - at its fabrication site in Hefei. It is pushing to be one of the first Chinese companies to have a commercial OLED production line.
No comments:
Post a Comment