At their yearly share holder meeting, UDC reviewed their company's and the OLED industry's progress. UDC also highlights continued adoption of its energy-efficient PHOLED technology in commercial displays and advances in its flexible OLED, white OLED lighting, and printable, phosphorescent P(2)OLED(TM) technologies.
Universal Display’s Chief Executive Officer, Steven V. Abramson, began the meeting by reviewing progress in the commercialization of the Company’s OLED technologies over the past year. Mr. Abramson followed this by highlighting advances in next generation technologies for display and lighting applications, and providing a vision of the future for the Company and the OLED industry.
The last year has seen a number of steps forward for both Universal Display and the OLED industry, Mr. Abramson stated. Our high efficiency, phosphorescent OLED technology is essential for the production of low-power consumption displays. Through commercial agreements with industry leaders, we have seen increasing numbers of active-matrix OLED displays that use our technology, in products that include KDDI, Nokia, Sony Ericsson and Toshiba cell phones, as well as iRiver and Teclast multi-media players. As the market for smaller-area OLED displays solidifies, the next wave of product applications like laptops, computer monitors and TVs is taking shape. A number of announcements have also been made about an increasing demand for AMOLED displays and plans to expand production capacity to meet this demand. As the market continues to grow, we believe that we are well-positioned to participate in that growth.
Mr. Abramson also highlighted progress in the Company’s core OLED technologies. In addition to reviewing the Company’s 102 lm/W breakthrough in white OLEDs that was reported two days earlier, Mr. Abramson discussed key advances in PHOLED, P2OLED and flexible OLED technologies. He also reported a new blue PHOLED material system, at CIE(0.16, 0.25) with over 15,000 hours of operating lifetime (to 50% initial luminance) at 500 nits, which is nearly double the lifetime reported a year ago.
In addition, Mr. Abramson highlighted a number of exciting prototypes on exhibit at the meeting that demonstrate the Company’s core technologies. These included a flexible OLED display built in collaboration with LG Display and partially supported by the U.S. Department of Defense. Also on display were inkjet-printed samples built using the Company’s solution-processible P2OLED technology and materials, and examples of commercial products with OLED displays from CMEL, Pioneer and Samsung SDI. Other technical advances, including those in the Company’s infra-red OLED and organic vapor-jet printing technologies, were also described.
Mr. Abramson concluded, Today, OLED technology is commercial, offering its benefits to manufacturers and consumers alike. The near future will bring bigger and brighter displays, OLED TVs will become even more common, and our next-generation technologies will continue to be refined and advanced. Our phosphorescent OLED technology offers a real ‘green’ solution for display and lighting applications with its energy efficiency and environmental appeal. We believe that our UniversalPHOLED and other OLED technologies will be at the very core of this progress.
