Intertech Conferences would like to extend an invitation to those interested in presenting a paper at OLEDs 2006 to send a one-page abstract to Patricia Kinzer, Conference Director, by August 30. This eighth annual international business conference will be held on November 13-15, 2006 at the Hilton San Diego Resort.

The conference will bring together leading display manufacturers, R&D personnel, and end users to discuss the market, technology and business outlook for organic light emitting diodes (OLEDs) in the flat panel display (FPD) and lighting industries. OLEDs 2006 will focus on expanding markets, new and existing applications, lifetime requirements and how recently commercialized products are faring in the marketplace.

MagnaChip Semiconductor announced the launch of its high-performance, feature optimized Passive Matrix Organic Light Emitting Diode (PMOLED) (MC2EP7202) product designed for use in the main displays of mobile phones and MP3 players.

Davis Mok, Vice President of Marketing in MagnaChip's Display Solutions Division, commented "This is an exciting opportunity for MagnaChip as PMOLED technology is expected to be applied to QQVGA (128X160) mobile phones beginning in Q4 2006. MagnaChip's solution will provide unique value by offering a highly integrated PMOLED solution for use in many leading mobile phone and MP3 player displays."

Universal Display and Novaled presented a joint scientific paper at the International Society of Optical Engineering (SPIE) Optics and Photonics 2006 conference in San Diego, CA. The presentation detailed the achievement of a saturated red PHOLED™ phosphorescent OLED device with a luminous efficacy of 15 candelas per ampere (cd/A) and an operating voltage of less than 4 Volts (V) for a record power efficiency of 12 lumens per Watt (lm/W) all at 1,000 candelas per square meter (cd/m2) brightness.

This milestone was achieved through the combination of Universal Display's high-efficiency PHOLED™ phosphorescent OLED technology and materials with Novaled's low-voltage conductivity doped Novaled PIN-OLEDTM technology and transport materials.

Universal Display Corporation announced today significant advances in the development of WOLED™ white OLED technology for solid-state lighting and flat panel display applications.

Revenue for the three and six months ended June 30, 2006 of $1.7 million and $3.3 million increased 157% and 147% respectively from $0.7 million and $1.3 million at June 30, 2005.

"Many of the displays produced last quarter will go toward building Z800 3DVisor systems for V3i's initial $1 million order. The remaining displays as well as ongoing production will support the building demand we see in the military and commercial OEM market segments. Recent OEM design wins in the first half of 2006 have led to greater visibility as these design wins convert to contracts. Clearly the advantages our OLEDs bring to applications have been proven in the field and now we're starting to see financial results through the initiation of large production orders."

Revenues in the quarter were $2.7 million, which was the same as the $2.7 million reported for the corresponding period in 2005. The majority of revenues in Q2 2006 arose in the License Fees and Royalties category.

CEO Dr. David Fyfe commented: "In the second quarter we were delighted to see Sharp reveal their work on high resolution PLED displays at the SID conference in June. At the same conference we were able to show the world's first roll printed OLED display, produced in co-operation with Toppan Printing. This printing technology could become very important in future for lower cost display production." "We have seen an encouraging number of new commercial applications utilizing our technology, from digital radios and MP3 players to diving computers."

Osram said it would concentrate its research and development work on organic light emitting diodes (OLEDs) with the aim of applying this technology also to general illumination.

Osram said it would continue to develop polymer-based solutions for displays but also focus on small-molecule technology for illumination applications. OLEDs are set to be used as extremely thin light sources with large surface areas, for signage and information systems and may even one day be used as illuminated wallpaper, Osram said. The planned work focuses on the design and implementation of specific device architectures for OLEDs, on increasing their efficiency and lifespan and on scaling up to large areas. Experts are also involved in creating the right conditions for high-volume production.

Revenues for the three months ended June 30, 2006 were $3,009,316, compared to $3,011,995 in the second quarter of 2005. Revenue components in the second quarter of 2006, when compared to the second quarter of 2005 were: commercial chemical revenues $336,365, compared to $0; license fee revenues $807,185, compared to $42,000; technology development revenues $667,613, compared to $331,818; development chemical revenues $296,624, compared to $1,123,852; and contract research revenues $901,529, compared to $1,514,325, respectively.

"Total revenues for the quarter remained stable," said Sidney Rosenblatt, Chief Financial Officer of Universal Display Corporation. "Our revenue mix continues to shift as we recognize more from fees associated with our licensing agreements and revenues from the sale of commercial chemicals. We expect this trend to continue as our PHOLED technology is more broadly commercialized; however, revenues will remain difficult to predict on a quarter-to-quarter basis."

LG Electronics shipped a total of 4.5 million OLED panels in Q2, while Samsung Electronics, which maintained the lead in shipments, posted roughly 4 million units, followed by Taiwan's RiTdisplay with 3.7 million units, Univision with 2.2 million units, and Japan's Pioneer with 1.8 million units, Display Bank noted.

The OLED panel maker is considering a transfer of the OLED business to LG.Philips LCD and LG.Philips LCD is also making preparations for mass production of AMOLED panels.

eMagin and the U.S. Army will work together to develop a testing methodology to measure the useful life of AMOLED Microdisplays.

Under the terms of this Cooperative Research and Development Agreement (CRADA), eMagin and NVESD will develop better ways to assess the applicability of active matrix OLED displays in military systems on the basis of their usable lifetimes. Current methodologies for measuring lifetime of non-emissive displays, such as LCDs, do not apply to emissive displays like OLED devices. Rather, the display's lifetime depends on the specific application and can be much longer than most conventional models predict.