Industry News

Philips and Universal Display Corp Partner on PHOLED Materials

Valerie Coffey

November 29, 2013—Organic light-emitting diode (OLED) materials developer Universal Display Corporation (UDC; Ewing, N.J., U.S.A.) announced on November 25 a collaboration and evaluation agreement with the Business Center OLED Lighting division of Philips Technologie GmbH (Aachen, Germany) to supply its phosphorescent OLED (PHOLED) materials to the Philips subsidiary. Philips will use UDC’s PHOLED materials technology, trademarked as UniversalPHOLED, in its solid-state lighting applications.  
 
Research firm NanoMarkets reports that the OLED lighting market may reach US$2 billion in revenues by 2020. The growth potential of OLED lighting is due to its high-performance, energy efficiency and manufacturing flexibility on a variety of flexible and rigid substrates. OLEDs are used in applications requiring extremely thin, lightweight and energy-efficient lighting, such as in television and smartphone displays.
 
On November 22, PPG Industries, the exclusive manufacturer of UDC’s Universal PHOLED emitter materials, announced the opening of a new production facility in Barberton, Ohio. The new facility will enable expanded production to meet the increasing volume of customer demand for OLED displays and lighting.
 


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