Khaled R. Khuda, President and CEO of OSD, announced today that results from 2005 were stronger than expectation. OSD is pleased to announce to it’s investors a strong 2005 return, and strategic growth plan for 2006. The annual results in 2005 have OSD showing major growth in industries of home appliances, military, medical, test and measurement, security and ID, and various consumer applications. web-based traffic is up 50% to 100% increase over 2004, OSD has doubled USA personnel, and made significant investment to operations in North America. Shipments in 2005 were strong including design wins with Tier 1 manufacturers for information security products using the featured Samsung 96xRGBx96 OLED display. OSD has also created a surge of sales and shipments on the new OSDC150-262k-CON a large 1.5 color OLED panel featuring improved brightness, interface, and image quality. Sales representation in global markets has also been expanded for local presence and communication.
Engineers presenting end-of-year results and forward looking materials on new products for 2006 are excited about additional market penetration. New full color OLED designs from OSD are anticipated in 1H 2006. These displays will enter new applications, and allow OLED technology to replacing similar LCD display technologies within the industry. Cellular phones using OLED sub-display panels will now allow main displays + sub-display panel combinations. This innovation will eliminate significant thickness, power consumption, and development efforts. New products are also being designed to improve lifetime, viewing performance, and system connectivity.