Universal Display reports 2Q financial results, expects growth in OLED TVs in 2010 and beyond

Universal Display Corporation (UDC) announced their results for 3Q 2009. Revenue were $5.1M, out of which $1.6M came from chemical revenue, license and royalty payments and commercialization assistance.

UDC says they are seeing "increased advertising and marketing of our licensees' products that use AMOLED displays with their technology and materials", and an "increase of adoption" for these products. UDC expects growth in large-area OLED displays (OLED TVs) in 2010 and beyond.

UDC also reported that Kyocera has dissolved its OLED subsidiary.