Pioneer establishes a new OLED lighting subsidiary
Pioneer announced it has established a new OLED lighting subsidiary (called Pioneer OLED Lighting Devices). The new company will take over Pioneer's OLED development and production. Pioneer is collaborating with Mitsubishi and is already producing OLED lighting panels (sold under the Verbatim brand).
POLD was launched with a capital of ¥200 million (about $2.1 million). Pioneer says that this new subsidiary will allow them to strengthen their OLED lighting program - in preparation for the OLED lighting market launch in 2014.