Mitsubishi Chemical has announced that it has developed a solution-based Organic Semiconductor Material, which is expected to open the way to the development of a new class of larger, cheaper flat-panel displays like OLED televisions. Only Pentacene has been reported as a practical small-molecular material having high mobility, but it has to be processed by the high-cost vacuum deposition method.

Polythiophene has been reported as a soluble polymer material, but it can be applied only to a limited area, like electrical papers, because of its low mobility. The newly developed MCRC organic semiconductor material is solution-processible small-molecular material having the high mobility of 1.4cm2/Vs because of its high-crystalline characteristics, according to the company.

This mobility is one of the world's best - equal to amorphous-silicon, the most popular inorganic transistor material. Also, this unique material has potential to be patterned by the laser, different from traditional photolithographic method, which enables high-resolution patterning. MCRC successfully drove an organic light-emitting device (OLED) with the transistors fabricated with its newly developed material. This material has been jointly developed with Professor Noboru Ono of Ehime University, Japan, and the transistor device has been jointly fabricated with Associate Professor Reiji Hattori of Kyushu University, Japan.

Revenue for the three months ended March 31, 2006 of $1.6 million increased 138% from $690,000 at March 31, 2005.

Net loss and loss per share applicable to common stock for the three months ended March 31, 2006 was $5.2 million or $0.05 per share and included $792,000 of non-cash expense associated with the expensing of stock options. This compares to a net loss of $3.5 million or $0.04 per share during the three ended March 31, 2005. Options were not expensed prior to 2006.

Integral Vision today announced financial results for its fiscal first quarter ending March 31, 2006. Revenues for the quarter were $69,000 and the net loss for the company was $799,000 or $0.03 per share.

The OLED market is also starting to mature with color OLED volume expected by next year. With the OLED market expected to reach $10.2 billion by 2011, roll to roll production is becoming more viable. We are presently in a cost sharing product development agreement with Energy Conversion Devices to develop inspection for roll to roll display and lighting inspection. The expected growth of all of these markets should have a positive effect on Integral Vision," said Charles J. Drake, Chairman and CEO of Integral Vision.

Universal Display Corporation today announced its results of operations for the quarter ended March 31, 2006. Revenues in the first quarter of 2006 totaled $3,271,406, compared to $1,467,068 for the comparable quarter in 2005. Revenues consisted of $536,061 in government contract research revenue, $675,906 from development chemical revenue, $398,479 from commercial chemical revenue, $930,846 royalty and license fees, and $730,114 in technology development revenue.

The year-over-year increase in revenues is attributable to the recent signing of a material supply agreement with a major display manufacturer. This primarily affected royalty and license fee revenue and commercial chemical revenue during the quarter.

Building on the momentum of its recent SDK releases, the company is also moving aggressively to make 3D gaming more accessible, lowering the price of the award-winning Z800 3DVisor from its introductory price of $899 to $549. "We're seeing the initial adoption of our SDK by game developers, which has come at a time when we've been able to improve our OLED display production, so the time was right to make this move," said Susan Jones, executive vice president and chief marketing officer, eMagin Corporation. "The release and regular updates to our software developers' kit and collaboration with leading companies highlight our commitment to 3D virtual imaging in general and the gaming market specifically."

Researchers at the Regroupement Quebecois sur les Materiaux de Pointe (RQMP) in Quebec, Canada have assembled an organic light emitting diode (OLED) that uses thin and conductive single wall carbon nanotube sheets as the transparent electrode. The performance of their electrode rivals that of the transparent conducting oxide - indium tin oxide - currently used in commercial applications.
By following the fabrication procedure they developed, the researchers succeeded in producing a high-performance OLED on this new electrode material. In their work they also outline the parameters that can be further optimized in order improve the performance of their design. "In addition to their flexibility, carbon nanotube sheets exhibit a number of properties that make them an attractive alternative to transparent conducting oxides for display and lighting applications," says Carla Aguirre, the leading author of the paper. "By applying the appropriate chemical treatment they can in principle be also made to replace the metal electrode in order to make OLEDs that emit light from both sides."

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OLEDs and paper-like display technology are rapidly leading to new opportunities in the display industry according to a new report from NanoMarkets. The report predicts that combined sales of OLED displays and paper-like displays will reach $10.2 billion by 2011 and then go on to reach $14.7 billion by 2013.

Cambridge Display Technology today reported its financial results for the first quarter of 2006. The Company is a pioneer in the development of polymer light emitting diode technology.

Revenues in the quarter were $1.0 million, compared with $1.6 million for the corresponding period in 2005. The majority of revenues arose from Technology Services and Development, but also included sales under Equipment and Supplies as the Company increased sales of inks for use in the evaluation of the technology by major display producers.

Universal Display Corp. has signed agreements with the University of Michigan, Princeton University and the University of Southern California to continue sponsoring research in organic light emitting diode (OLED) technology. Universal Display (Ewing, N.J.) will provide up to $4.6 million in funding to sponsoring organic electronics under the direction of Professors Stephen R. Forrest and Mark E. Thompson at their respective institutions over the next three years.

The company has already funded over $7.5 million in sponsored research at Princeton University and the University of Southern California since 1994.

Ron Mertens from OLED-Info.com recently had the opportunity to interview Janice Mahon, Universal Display's VP of technology commercialization.

Janice, could you give a small introduction about UDC, and about your PHOLED products?

Universal Display Corporation (NASDAQ: PANL) is a world leader in the development of innovative OLED technology for use in flat panel displays, lighting and other opto-electronics applications. Founded in 1994, Universal Display provides state-of-the-art OLED technology and services to OLED manufacturers to enhance their products' features and competitive advantage. We have developed proprietary OLED technologies and materials that should provide dramatically enhanced display performance at lower costs than today's liquid crystal displays.