OLEDWorks to expand its OLED lighting fab in Rochester in a $73.6 million investment

OLEDWorks announced that it plans to increase capacity in its OLED lighting fab in Lyell Avenue, Rochester, NY. OLEDWorks will invest $73.6 million in the new production line, and the company will get $2.5 million in state tax credits. OLEDWorks said it will hire 100 new employees for this fab "over the next five years".

A couple of months ago OLEDWorks announced it will acquire the key parts of Philips OLED lighting business, including the OLED lighting production fab in Aachen, Germany. It seems that OLEDWorks intends to operate two production lines - in the US and in Germany. Financial details of that deal have not been disclosed - it'll be interesting to see where OLEDWorks will get the money for the acquisition and the new fab in Rochester.

OLEDWorks, established in July 2010 by former Kodak OLED business experts, is a US-based OLED lighting maker (the only OLED lighting producer in the US, actually). The company developed a proprietary low-cost production process.In 2013 the company successfully completed its Series A fund raising, and the company received three DoE grants (see here, here and here) to further develop is OLED technology.

In July 2014, Acuity Brands unveiled new use cases for its Marker OLED luminaire, which uses Amber OLED panels made by OLEDWorks. The Amber OLED panel emits light at a 590 nm peak, and has a fixed luminance of 600 cd/m2. Those OLEDs are free of blue wavelengths - which disrupt circadian rhythms. Acuity Brands says these features makes it ideal for night lighting in healthcare applications.

Posted: Jun 12,2015 by Ron Mertens