Universal Display has announced it will begin supplying Philips with phosphorescent OLED (PHOLED) materials for solid-state lighting applications.
Universal Display said its PHOLED technology has the potential to maximize energy efficiency and contribute to high performance lighting devices.
According to NanoMarkets, the OLED lighting business may exceed US$2 billion in revenues by 2020. OLED lighting offers makers a low-cost lighting solution and the potential for extremely thin, lightweight and highly energy efficient lighting products. OLEDs can be manufactured on both flexible and rigid substrates, and advances in manufacturing processes could add more value in the supply chain.
Source:
http://www.digitimes.com/news/a20131126PR205.html
