eMagin Reports Results for the Third Quarter of 2008

eMagin Corporation generated revenue of $5.2 million for the third quarter of 2008. Gross margin was 46% of revenue or $2.4 million for the quarter compared to 40% or $2.0 million for the same period in 2007. The Company has achieved significant improvement in gross margins over prior years due to higher production volumes with better yields.
Operating expenses in the period declined to $1.6 million, down 20% from the third quarter of 2007 and 31% sequentially from the second quarter of 2008. Lower operating expenses were due to cost reductions implemented by management and some R&D personnel being redeployed to contract services and their expenses charged to cost of goods sold rather than operating expenses. Operating income totaled $786,000 compared to $14,000 in the same quarter last year and up 170% from the previous quarter. Net income for the third quarter of 2008 was $0.3 million or $0.02 per diluted share versus a net loss of $12.6 million or $1.06 per diluted share in the same period last year.
"The growth in our customer base and steady stream of contracts to develop displays has enabled us to increase our production and improve our manufacturing processes. In addition, we have substantially reduced our costs and have now posted our second consecutive quarter of improved profitability and have generated $1.2 million in cash flow," noted Andrew G. Sculley, chief executive officer and president, eMagin Corporation. "While we recognize that there is still much to be done, this is an important milestone for eMagin and we believe that we have taken some significant steps forward on our path to profitable growth for the Company."
Read the full story Posted: Nov 14,2008

Applied Materials is into OLED manufacturing equipment

Applied Materials, which made its name by designing equipment for semiconductor makers and television manufacturers, is bulking up to become the chief equipment maker for the greentech industry.

The company is building up an internal group to sell equipment to manufacturers of energy storage devices, such as batteries and fuel cells, say sources close to the company.

Applied also wants to sell equipment to manufacturers of OLEDS. The company is one of the charter members of the European OPAL 2008, which aims to develop cheap OLED lights. Other members include Aixtron, Osram, Philips and BASF. It also has an investment in Plextronics.

Read the full story Posted: Nov 12,2008

US Army orders 20,000 thermal weapon sights with eMagin OLED-XL microdisplays

eMagin announced today that the OASIS system has been selected by the US Army to provide 20,000 units of the Remote Eyepiece Display-Imager (RED-I) head mounted display system for the Thermal Weapon Sight (TWS) Remote Viewer program. The RED-I system is equipped with eMagin's OLED-XL microdisplays.

The IDIQ contract awarded to OASYS exceeds $26 million with multi-year production rate deliveries scheduled to begin in the second quarter of 2009. The new RED-I product features instant-on startup at temperatures down to -40C, extended battery life, and is compatible with both new and legacy Thermal Weapon Sight (TWS) systems. The HMD attaches directly to standard-issue military helmets or protective eyewear, is thin enough to fit behind the blast visor of the cupola protective ensemble, and is backwards compatible with previous versions of the system.

Read the full story Posted: Nov 11,2008

Zhongxian Tech to build China's first AMOLED plant with 65M$ investment


Zhongxian Tech is building China's first AMOLED plant. They will invest 65M$, and hope to begin production in September 2009.



Their plan is to make 50M 2" displays in a year, and generate around 7 billion US$. Last month we heard that Visionox and Tsinghua University began manufacturing on China's first OLED (PMOLED) production line in Kunshan, Jiangsu province, with a plan to make 12 million small panels annually.

Read the full story Posted: Nov 10,2008 - 2 comments

Universal Display Corporation Announces Third Quarter 2008 Financial Results

For the third quarter of 2008, Universal Display reported a net loss of $5,302,983, or $(0.15) per diluted share, versus a net loss of $2,960,565, or $(0.08) per diluted share, for the third quarter of 2007.

Commercial revenue remained constant during the third quarter of 2008 when compared with the same quarter of 2007, and increased for the first nine months of 2008 versus the same period in 2007. We are encouraged by the continued adoption of and new opportunities for our UniversalPHOLED technology, said Mr. Rosenblatt. While Samsung SDI’s production capacity remained on level with the same quarter of 2007, they reported that their AMOLED displays are being increasingly integrated into mobile devices like cell phones and MP3 players. In addition, Samsung SDI has showcased recent product prototypes for AMOLED televisions and larger area displays, flexible OLED screens, and more. It is clear they are committed to AMOLED display production both financially and developmentally.

Read the full story Posted: Nov 07,2008

Lumiotec gives some more info on their OLED lighting products


At FPDI, Lumiotec gave some more info on their OLED Lighting products. The panels are only 2.3mm thick, and the  has high
color rendering properties and a broad spectrum with peaks in red (R),
green (G) and blue (B) regions.



The company employed a technology called "multi-photon emission (MPE),"
which uses several emission layers stacked vertically. The product on
display had vertically stacked three emission layers with different
emission wavelengths for RGB colors.



Via TechOn


Read the full story Posted: Nov 06,2008

RiTdisplay got orders for 35 million PMOLEDs

Taiwanese market research institute Topology Research Institute (TRI) says that RiTdisplay got orders for 35 million PMOLED, 30 million of which shall be delivered this year. This makes RiTdisplay the largest PMOLED maker. RiTdisplay's PMOLEDs are up to 1.98" currently, although they are working on 3.1" ones.

Read the full story Posted: Nov 06,2008