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13 May 2013 |
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Revenues for the first quarter rose 39 percent to $8.5 million versus $6.1 million for the first quarter of 2012. The growth in revenues is primarily attributable to increased display sales, which were higher in the first quarter than any other quarter in the comany's history, and an increase in average selling price due to the mix of products sold.
Gross margin for the first quarter was 44 percent on gross profit compared to a gross margin of 44 percent on gross profit in the same quarter last year. The cost per display increased from the prior year due to higher manufacturing costs associated with the new SNU OLED deposition tool. It is expected that the cost will decrease as the new tool is further optimised. |
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13 May 2013 |
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Universal Display Corp announced its results for the first quarter of 2013. For the quarter UDC reported a net loss of $4.8 million even though revenues where up 19% compared to first quarter 2012. The increase was led by a 21% increase in material sales. Commercial material sales were up 40% compared to the first quarter of 2012. The increase in commercial material sales was due mainly to greater demand for UDC's green emitter and host materials from their AM-OLED display customers. |
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13 May 2013 |
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According to news reported by Yonhap News LG Display and Samsung Display are expected to settle their ongoing IP battle over OLED and LCD display technology as the two companies recently sat down together in a number of separate meetings to find a mutually acceptable solution. It is widely believed that the companies will eventually cross-license the patents being disputed.
It is known that the two companies are currently disputing seven technology patents on OLED owned by LG Display and seven patents on LCD technology owned by Samsung Display. |
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13 May 2013 |
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Global OLED Technology LLC (GOT) and LG Display (LGD) have signed a patent licensing agreement that gives LGD access to GOT’s patent portfolio, including intellectual property related to Active Matrix Organic Light Emitting Diode (AM-OLED) display technology.
GOT will collect royalties under the license agreement, but other terms of the agreement were not disclosed.
Daniel Carlineo, President and CEO of GOT, said "This agreement with LGD is an important development that reinforces the strength of our patent portfolio." Daniel added "In the past year, GOT has taken the right steps to become an influential player in the OLED industry. We’re confident this license with LGD will lead to additional licenses with display manufacturers."
www.globaloledtech.com |
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06 May 2013 |
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The U.S. Department of Energy Office of Science has awarded four Small Business Innovation Research (SBIR) grants targeting advances in OLED lighting technology. The FY13 Release 2 Phase I awards will explore the technical merit or feasibility of an innovative concept or technology.
The SBIR Release 2 Phase I awards related to OLED Lighting are: |
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