Phosphorescent - Page 4

Universal Display announced that it has signed long-term OLED material supply and license agreements with Samsung Display. 

These new agreements mean that UDC will continue and supply its PHOLED OLED emitter materials to Samsung Display. The agreements are scheduled to run through December 31, 2027, and may be extended for an additional two-year period. Financial terms of the agreements have not been disclosed.

Universal Display reported its financial results for Q3 2022, with revenues revenues reaching a record high of $161 million, and a net income of $53 million. The company reiterated its forecast for 2022, with revenues of approximately $600 million, plus or minus $10 million.

Looking ahead, UDC remains positive of the OLED industry, but the near-term OLED demand may fluctuate due to uncertainties in the macro economy. UDC sees 2024 as a "pivotal year" for the OLED industry, with several new 6-Gen and 8-Gen OLED fabs due in that year.

Researchers from the Université de Rennes in France have developed a simplified PHOLED green emitter that achieves the world's highest efficiency in single-layer PHOLEDs - an EQE of 22.7%.

The researchers, led by Prof. Cyril Poriel, say that the emissive layer was developed using a rational molecular design. The impact of the phosphorescent emitter on the ambipolarity of the charge transport is particularly evidenced and appear as a key concept in the high performance that was achieved.

Universal Display reported its latest financial results, for Q2 2022, with revenues of $136.6 million, an operating profit of $53.3 million and a net income of $41.5 million. These results were less than expected by analysts. The company ended the quarter with $834 million in cash and equivalents.

UDC's 2021 revenues were a record high of $554 million, with a net profit of $184 million. UDC expects the OLED industry to continue to grow in 2022, and the company believes its revenues in 2022 will be between $625 million to $650 million (an increase of 12% - 17%).

DSCC updated its OLED material market data, and it now sees AMOLED stack material revenues growing at a 18% from 2020 ($1.07 billion) to 2026 ($2.9 billion). If UDC actually manages to release a commercial blue PHOLED, the market could even exceed $3 billion.

The majority of OLED material revenues from from TV applications, but the market share of mobile devices is expected to grow and reach almost 50% by 2026.

Second-generation OLED phosphorescence emission features an internal quantum efficiency of almost 100% - which would normally mean you cannot get more efficient than that.

As Kyulux explains in a recent post, though, phosphorescent suffers from a wide emission spectrum. In order to achieve a good color gamut (for which as narrow-spectrum emission as possible is best) display makers have to filter out the "tail" of the emission. This results in reduced brightness and efficiency.

Universal Display reported its financial results for Q1 2022, with revenues of $150.5 million and a net income of $50 million. UDC's results were better than expected as the adoption of OLED displays increases in AR/VR, smartphones, foldables, TVs, IT and automotive markets.

UDC reiterated its estimation that it will be ready to introduce a commercial blue PHOLED material to the market in 2024.

In 2016, Researchers from Japan's Semiconductor Energy Laboratory (SEL) announced a new OLED device architecture, called ExTET ('exciplex triplet energy transfer'), that can increase the performance of OLED devices. The technology was applied for a patent in 2011.

The ExTET technology, which is a modification of the host material and the EML layer in phosphorescent OLED devices, have since been introduced to commercial AMOLED panels, increasing the efficiency and lifetime of the materials, while also lowering the drive voltage.

Universal Display reported its financial results for Q4 2021. Revenues for the quarter were $146 million, while net income was $46 million

UDC's 2021 revenues were a record high of $554 million, with a net profit of $184 million. UDC expects the OLED industry to continue to grow in 2022, and the company believes its revenues in 2022 will be between $625 million to $650 million (an increase of 12% - 17%).

Universal Display announced that Tianma Micro-electronics has extended its long-term OLED material supply and license agreement. UDC will continue to supply Tianma with its phosphorescent OLED materials and technologies.

UDC did not disclose any more details or financial terms. The original agreement between Tianma and UDC was signed in 2016.