March 2007

eMagin Reports 2006 Results: Revenue Growth of 118%, Reduced Losses

eMagin has issued financial results for its fiscal year and fourth quarter ending December 31, 2006. The results show record revenues with year-over-year revenues improving by 118%.

Financial Summary:

  • Revenue for the three and twelve months ending December 31, 2006, of $2.6 million and $8.2 million increased 101% and 118% respectively from 1.3 million and $3.7 million for the quarter and year ending December 31, 2005. The growth in revenue was directly attributable to increases in microdisplay demand with military OEM growth of 239% driving results.
  • Cost of goods declined 24% to $2.4 million for the quarter ended December 31, 2006 from $3.2 in 2005. For the full year cost of goods were $11.4 million in 2006 as compared to $10.2 million in 2005. Gross margins turned positive in the fourth quarter at $138,000 compared to a gross loss of $1.9 million in the fourth quarter of 2005. For the full year ended December 31, 2006 gross loss was $3.2 million compared to a gross loss of $6.5 million in 2005.
  • Net loss declined 69% for the three months ending December 31, 2006, to $1.5 million from $4.8 million in 2005. For the full year 2006’s net loss was $15.3 million compared to a net loss of $16.5 million during 2005. 2006 included approximately $2.9 million of expenses associated with expensing of stock options. Options were not expensed in 2005. Loss per share for the three and 12 months ending December 31, 2006, were $(0.15) and $(1.52) compared to the same periods ending December 30, 2005, of $(0.51) and $(1.94) per share
Read the full story Posted: Mar 29,2007

CDT and Sumation Announce Strong Lifetime Improvements to P-OLED Material

Cambridge Display Technology (CDT) and Sumation are pleased to announce new growth in lifetime metrics for red, green, blue, and white PLED materials.

Data results from spin coated devices using a common cathode and solution processable materials developed in 2006 demonstrate that lifetimes(a) of 24,000, 35,000, 10,000, and 5,200 hours for red, green, blue, and white, respectively, have been achieved from an initial luminance of 1000 cd/m2. This is equivalent(b) to over 150,000, 198,000, 62,000, and 27,000 hours from an operating brightness of 400cd/sq.m for these materials.

Read the full story Posted: Mar 27,2007

GE OLED information

GE has just posted some interesting information about their OLED product research (just after the recent GE and Konica Minolta partnership announcement).

The have successfully made a 2" x 2" OLED white light source (build out of several small OLED panels).

Read the full story Posted: Mar 27,2007

Konica and GE to jointly develop OLED lights, release product within 3 years

Konica Minolta has tied up with GE to jointly develop flexible and thin lighting products using organic light-emitting diode (OLED) technology. Konica Minolta said it would aim to release a product within three years, most likely using the GE brand.

Company spokeswoman Yuko Ogiso said Konica and GE would develop devices that are thin and can be bent to fit curved surfaces, aiming to offer a new category of lighting while cultivating the business into a new driver of earnings growth. Ogiso said the company did not have any concrete profit or sales forecasts for the OLED business.

Read the full story Posted: Mar 27,2007

New 2.7" PLED from OSD (Green/Yellow 128x64)

OSD announces the addition of an improved 2.7 diagonal 128x64 pixel PLED module with 4-bit grayscale. Available with either green or yellow pixels, the new OSD2401-M04-1 offers extended operational lifetimes of up to 55k hours with 75 cd/m2 brightness for the Yellow version at 25C.

The OSD12864-M04-1 has an Active Area of 61.41mm (W) x 30.69 (H). The display pixels are 0.45mm (H) x 0.45mm (W). Overall panel size is 74.0mm (W) x 42.0mm (H) x 2.2mm (T). For ease of integration, the module is available with or without a metal bezel. Addition of the metal bezel offers mounting tabs with only a slight increase in overall footprint. To further facilitate integration the TAB driver offers software image rotation and user selectable 4-wire serial or 8-bit parallel interface.

The OSD12864-M04-1 is fully RoHS compliant. It is currently in mass production and samples are available.

More info on the OSD web site 

Read the full story Posted: Mar 27,2007

OLED-Info Q&A with Toshiki Mizoe, overseas sales manager, Tokki Corporation

Ron Mertens from OLED-Info.com recently had the opportunity to interview Toshiki Mizoe, overseas sales manager, Tokki Corporation. Tokki manufactures vacuum process equipment and factory automation system, and developed the first OLED mass production system in 1999, which processed both OLED / electrode material deposition and encapsulation by one system. Tokki's OLED production system has been delivered to most of small molecular OLED manufactures in Japan, Korea and Taiwan.

Q: First of all, thank you for agreeing to conduct this interview. Can you describe your production system (ELVESS)?
ELVESS is cluster tool OLED production system, and it has evaporation chambers for organic materials and metal (for cathode), and automatic encapsulation unit is connected to the system. Total system can be run for 5 to 6 days without stop, with tact time of

Read the full story Posted: Mar 20,2007

AMOLED Market Likely to Grow Sharply

Displaybank predicts that AMOLEDs will replace the current mainstream LTPS (with a growth rate of over 300% by 2011).

Samsung SDI predicts that AMOLED will account for 20% of its total revenues in 2010, outstripping LCD and PMOLED panels, and that shipments of portable AMOLED panels available for multimedia use will grow from 10 million units in 2008 to 18 million units by 2009 and 33 million units by 2010.

Read more (DisplayBank)

Read the full story Posted: Mar 20,2007

Hirose Gives Up on Developing Organic EL Materials

Hirose Electric has resolved a policy to liquidate its wholly-owned subsidiary Hirose Engineering in June 2007.

Hirose Engineering was established in March 1995 with the aim of researching and developing organic EL materials, but has been logging losses that were several times larger than its sales . The company concluded that it would be difficult for the business to generate profits in the near future and decided to withdraw from the organic EL material business. "We initially expected the market to be established in around 2007, but it seems to take much longer before that," said a spokesperson from the company's PR department.

Read more here (TechOn)

Read the full story Posted: Mar 16,2007