DOE offers up to $7.5 million for LEDs and OLEDs lighting projects

The US Department of Energy (DOE) has announced a $7.5 million core technology research (round 5) funding opportunity as part of its Solid State Lighting (SSL) program. The OLED 3 areas of interest are: High Efficiency OLED Materials and Structures,OLED Encapsulation and Substrates and OLED Fabrication.

The DOE anticipates making ~5-10 awards for specific advances in LED and OLED lighting under this round and says that awards will not exceed $600,000 per year for up to 3 years. The closing date for applications is June 19.

Read the full story Posted: May 09,2008

UDC Announces First Quarter 2008 Financial Results

For the first quarter of 2008, the Company reported a net loss of $4,193,385, or $(0.12) per diluted share, versus a net loss of $4,583,801, or $(0.15) per diluted share, for the first quarter of 2007.

Revenues for the first quarter of 2008 were $2,716,819, compared to $3,014,630 for the first quarter of 2007. Commercial revenue, which includes commercial chemical revenue, license fees and royalty income, increased to $1,555,065 for the first quarter of 2008, from $1,440,900 for the first quarter of 2007. Developmental revenue, which includes contract research revenue, technology development revenue and development chemical sales, decreased for the first quarter of 2008 to $1,161,754, compared to $1,573,730 for the first quarter of 2007. Universal Display believes these revenue categories, which now combine accounts previously reported separately, better reflect the Companys business strategies and activities.

Our licensee, Samsung SDI, has achieved volume production of AMOLED displays and reports that it will increase output in 2008 and again in 2009. This should drive a further increase in our commercial revenue, said Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer of Universal Display. However, total revenues for the quarter decreased due to lower developmental revenue, but this is to be expected as AMOLED manufacturers transition from development to commercial activities.

Mr. Rosenblatt, continued, We expect our financial results to be impacted positively as an increasing number of AMOLED displays are sold and integrated into the marketplace through customers such as Chi Mei EL, LG Display and Samsung SDI. As the year progresses, we will look to maintain our operating expenses at current levels, while continuing to generate new innovations and commercial opportunities for our OLED technologies and materials, including in the areas of white OLED lighting and flexible OLED displays. In all, we believe that Universal Display is well positioned to benefit from the accelerated growth being forecast for the OLED market.

Read the full story Posted: May 09,2008

DisplaySearch: Sony’s OLED TV lifespan rated at 17,000 hours

In a new report released Wednesday on the characterization of AMOLED display technology, DisplaySearch addressed the Sony XEL-1 TV and the technology’s sub-pixel architecture, micro cavity, and compensation circuits.

The report includes measurements of lifetime by color and image, power consumption differential aging, burn-in, contrast ratio and luminance. DisplaySearch also addresses the system architecture as well as the organic material, including thicknesses.

Read the full story Posted: May 08,2008

DuPont Teams with Dainippon Screen to Develop Printed OLED Technology

DuPont and Dainippon Screen Manufacturing Co. today announced their intention to form a strategic alliance to develop integrated manufacturing equipment for printed organic light emitting diode (OLED) displays. The companies have also signed an agreement relating to their intention to bring together the elements needed--materials, technology and equipment--to mass produce OLED displays, delivering higher performance at a lower cost.

"The flat panel display market is about $100 billion annually and growing. DuPont is applying its science to make possible more vivid displays that are lower cost than current LCD displays," said David B. Miller, group vice president, DuPont Electronic & Communication Technologies. "We are excited to combine our strengths with Dainippon Screen's unique printing technology to bring to market the core technology that will enable improved high definition televisions and other flat panel displays."

Read the full story Posted: May 08,2008

Samsung SDI shipped about 2.5 million AMOLED units in the past quarter

DisplayBank, a market research company for display, surveyed shipments of AM OLED in the first quarter. The result showed that SDI shipped about 2.56 million units, accounting for over 90% of entire market. LG Display produced about 120,000 units. If combining two companies, they accounted for 95% of world AMOLED market in the first quarter.

Sony that produced AMOLED panel for 11 inch TV from last November remained about 1000 units of shipment. It will focus on panel for TV for the time being.

Read the full story Posted: May 01,2008