Universal Display approves share repurchase program
19 November 2012

Universal Display Corp. (UDC) has announced that its board of directors has approved a program to repurchase up to $50 million of the company’s outstanding shares of common stock from time to time over the next twelve months.

Universal Display expects to enter into a trading plan established under Rule 10b5-1 under the Securities Exchange Act of 1934 to facilitate repurchases under the program. The amount and timing of repurchases will depend on a number of factors, including the price, availability of shares of the company’s common stock, trading volume and general market conditions. The repurchases may be made over the next twelve months on the open market, in block trades or otherwise. The program may be suspended or discontinued at any time.

Universal Display Corp announces third quarter 2012 financial results
05 November 2012

Universal Display Corp. (UDC) has announced its results for the third quarter of 2012. In summary, UDC has reported a net loss of $5.5 million on revenues of $12.5 million. For the third quarter of 2011, the Company reported net income of $6.0 million on revenues of $21.8 million.

Consolidated statement of operations

Universal Display reports financial results
for Q3 2012
Revenue - materials 34,361 26,604 10,984 15,386
Revenue - Royalty and licences 16,253 9,898 396 4,564
Revenue - Technology dev 4,497 6,128 1,124 1,827
Operating expenses 49,806 40,510 18,565 15,843
Net (loss) Income 4,275 (2,579) (5,468) 5,989
Net result per share - basic($) 0.09 (0.06) (0.12) 0.12
Chimei Innolux changes name back to Innolux
29 October 2012

Chimei Innolux (CMI) has announced the company intends to return to its former name Innolux Corporation. The drive to change is largely down to the fact the company is no longer focused purely on display manufacturing, and has over the course of the past few years diversified into medical equipment production. The name change still requires shareholder approval, and is scheduled for a vote in November.

Innolux was established in January of 2003, changed its name to CMI in March 2010 as a result of the merger betweeen Chimei Group and TPO Displays.


Global TV demand expected to be flat in 2013 according to NPD DisplaySearch
29 October 2012

According to the latest results from the NPD DisplaySearch Quarterly Advanced Global TV Shipment and Forecast Report global TV demand is expected to be flat in 2013, after shipments of all TV types declined by more than 4% in 2012, to 237 million.

DisplaySearch - TV Shipment Forecast by Technology

Despite the slower overall growth rate of shipments, the industry continues to show progress in the advancement of larger screen sizes and advanced display technologies like LED backlights and 3D.

Shipments of 50” and larger screen sizes are expected to rise 13% in 2013, compared with just 1% growth of 40-49” and a 2% decline in shipments of 40” and smaller sizes.

Demand for smaller sizes will start to compete with TV viewing on the larger and higher resolution displays found in mobile devices such as tablet PCs and smartphones.

At the same time, a large group of flat panel TV adopters will be upgrading from 32” LCD TVs to 40” and larger sizes.

In the long term, as the TV replacement cycle shifts from the flat panel replacement of CRTs, to flat panel upgrades, here is potential for renewed growth, especially as new features become more affordable.

LCD TV shipments will continue growing throughout the forecast while demand for CRT and plasma TVs declines.

However, NPD DisplaySearch has reduced the near term forecast for OLED TV shipments to just 500 in 2012 and 50,000 in 2013, but expects that large scale mass production will enable the market to grow to around 9 million by 2016.

Shipments of 4K × 2K LCD TVs are expected to grow from just over 4K in 2012 to 154K in 2013, and around 5M by 2016, mostly in 50” and larger sizes.

DisplaySearch - Forecast for OLED and 4K × 2K LCD TVs

Paul Gagnon, Director, North American TV Research at NPD DisplaySearch, said, "Worldwide demand for TVs continues to face pressure from external factors, such as slowing economic growth, high unemployment rates, and the rising household penetration of flat panel TVs." Paul added, "At the same time, internal factors, such as slower cost reductions and a greater focus on profits at the expense of volume, are leading to a lower level of retail price erosion, which is also impacting demand.

Gagnon continued, "At the recent IFA Berlin tradeshow, the competition between 4K × 2K LCD TVs and OLED TVs was a hot topic. While the likelihood of a 2012 launch of OLED TVs seemed to evaporate when mass production was delayed until at least 2013, many companies demonstrated 4K × 2K resolution LCD TVs that were already beginning production."


Japan Display exhibits 4.5-inch high resolution AM-OLED display panel
29 October 2012

According to an article on the Tech-on website Japan Display Inc recently exhibited a 4.5-inch 1,280 x 720-pixel AM-OLED panel with a resolution as high as 326ppi at FPD International 2012 - 31 October - 2 November in Yokohama, Japan.

Japan Display is expected to begin production of small-medium sized AM-OLED panels for displays by 2014, with the initial target market most likely to be smartphones.

Japan Display - AM-OLED 326ppi demonstrator panel
Merck to use Epson ink technology to manufacture ink for large area OLED displays
22 October 2012

Merck and Seiko Epson Corp. have announced a cooperation and licensing agreement for inkjet inks used in the manufacture of organic light-emitting diode (OLED) displays. According to the agreement, Epson will supply Merck with ink technology that dissolves Merck's OLED materials so that they can be used for the production of printable displays used in OLED television screens. No Financial terms of the business agreement were not disclosed.

The partnership will combine Merck's capabilities in high-quality, long-lasting OLED materials for inkjet manufacturing with Epson's expertise in technology that converts OLED materials into ink, and allows this ink to be fired from an inkjet printing device.

Merck and Epson will also continue their close cooperation to create a strong ink-formulation roadmap in order for Merck to commercialize and address current and future requirements of the OLED TV industry, including the creation of industry-standard inks for manufacturing OLED TVs using inkjet technology.

Through this cooperation with Epson, Merck is now active in all relevant current and future TV technologies. According to market researchers*, OLED TVs will be the second biggest TV technology after liquid crystal display (LCD) TV. It is forecasted that by 2017, LCD TVs will have a 93% market share of all TVs sold and OLED TVs will fetch the remaining 7%. The increase in OLED's market share is then expected to continue growing.


Karl-Ludwig Kley, Chairman of the Executive Board, Merck, said, "We are excited about our strategic decision to partner with Epson, one of the world's leading inkjet-printing technology companies." Karl-Ludwig, added, "Our printable OLED materials will greatly reduce manufacturing costs. Combining our technologies with Epson will make the mass production of large OLED displays possible, which until now with current technologies has proven to be financially and technically difficult."

Minoru Usui, president of Epson, said, "Inkjet printing of large OLED displays solves many of t§he productivity issues associated with conventional vapor-deposition techniques." Minoru added, Usui, president of Epson. "Today's agreement is another example of how Epson's unique Micro Piezo inkjet technology can be used to improve on traditional manufacturing processes. And Merck, with its deep technical knowledge in the display industry, is an ideal partner for this new application."

* Source: DisplaySearch, 2012 / Q3

Related articles

merck epson oled materials displays process

www.merck.de www.epson.com

Samsung expected to postpone flexible OLED production this year
22 October 2012

The Korean news website ETNews reports that Samsung has decided to postpone production of flexible OLED displays until 2013. According to a news article published by ET News Samsung is expected to delay production of flexible OLED displays due to technical issues - namely encapsualtion and poor yield.

These pilot lines are reported to be refitted/retooled to make glass based OLED displays to help satisfy the growing demand for OLED display for smartphones.

Currrent production capacity is 56,000 Gen 5.5 (1300mm x 1500mm) substrates per month, the additional pilot lines will increase this to 64,000 substrates per month.

SCUT and New Vision Optoelectronic develop novel AM-OLED backplane technology
22 October 2012

South China University of Technology (SCUT) in collaboration with New Vision Optoelectronic have announce what they consider to be a breakthrough in the development of full-colored AMOLED display based on the use of novel metal oxide thin-film-transistor (TFT) technology.

They have successfully demonstrated AM-OLED displays withn integrated touch technology and also transparent AM-OLED displays based on the use of transparent electrode technology. In terms of performance the research believe these demonstrators are comparable to similar products produced by many of their international competitors.

The research teams consider their independant research and development to be an important step towards becoming more reliant on technology developed in China and less on technology transfers from partners outside China.

Novaled awarded European Company of the year
08 October 2012

Novaled has announced it is named in the prestigious 2012 Global Cleantech 100 list, produced by Cleantech Group, a leading research firm focused on global cleantech innovation. The list is unique in the sector and highlights the top private companies that represent the most innovative and promising ideas in cleantech technology and are most likely to make the most significant market impact in the next 5-10 years. The listing and the additional award recognize Novaled’s innovative approach to clean technology and energy efficiency by developing technologies and materials that enhance the performance of OLEDs.

Sumitomo Chemical joins Holst Centre OLED research program
24 September 2012

Sumitomo Chemical has joined Holst Centre's shared research program on Printed Organic Lighting and Signage. The move will speed efforts to develop manufacturing processes for low-cost, flexible organic light-emitting diodes (OLEDs). As a leading supplier of materials for polymer OLEDs, Sumitomo Chemical's involvement in the Holst Centre eco-system will extend the program's investigation of multi-layer solution processes for high-efficiency OLEDs.

Flexible OLED lighting demonstrator.

Developing these solution-based processes is a key goal for Holst Centre's Printed Organic Lighting and Signage program. Sumitomo Chemical’s participation will give program members access to high-end OLED materials, particularly for the active (light-emitting) layers. At the same time, Sumitomo Chemical will be able to draw on the program's vast expertise to optimise its materials for low-cost production and flexible substrates.

Universal Display enters in to service and production agreement with Duksan Hi Metal in South Korea
24 September 2012

Universal Display Corp. and Duksan Hi-Metal Co. Ltd - a Korea-based manufacturer of electronic materials for OLEDs - announced that the companies have entered into a master services agreement to enhance Universal Display's local presence and expansion in Korea. As the first initiative under the agreement, Duksan will provide manufacturing services for one of Universal Display's host products for certain Korean customers. Universal Display and Duksan will also explore additional areas for collaboration to better serve and support the needs of the growing Korean OLED industry.

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