Universal Display

How will the phosphorescent emitter market look in 2018, following UDC's basic material patent expiration?

Aug 15, 2017

The phosphorescent OLED emitter market is currently dominated by Universal Display who owns the basic patents to phosphorescent OLED emitters. All the major OLED makers (including Samsung and LGD) are using UDC's materials in order to achieve higher display efficiencies, beyond what is available from fluorescent emitters.

Universal Display holds over 4,000 issued and pending patents, but some of its basic phosphorescent patents are set to expire by the end of 2017. Honestly, it is very difficult to know exactly what effect this will have on the market - some analysts believe that it will carry very little effect while others say that this will open the door for other companies to sell competing phosphorescent emitters.

Universal Display to supply EverDisplay with phosphorescent OLED materials

Aug 08, 2017

Universal Display announced that China-based AMOLED producer Everdisplay (EDO) has signed an OLED evaluation agreement. As per the agreement, UDC will supply EDO with phosphorescent OLED materials to be used in EDO's displays.

Everdisplay HQ and 5.5-Gen Fab photo

Everdisplay actually started mass producing AMOLED displays towards the end of 2014 in a 4.5-Gen line with a monthly capacity of 20,000 substrates. The company is currently producing both small AMOLEDs for wearable devices and larger smartphone displays. EDO is also developing flexible OLEDs, transparent OLEDs and OLEDs for VR and automotive applications. EDO's current OLED displays can be found in the OLED Marketplace.

OLED Automotive Market Report

UDC reports excellent Q2 2017 results, progresses on blue

Aug 04, 2017

Universal Display reported excellent financial results for Q2 2017. Revenues increased 59% (compared to Q2 2016) to $102.5 million, with material sales increasing 110% to $46.8 million. Net income increased $25.4 million to $47.2 million.

UDC PHOLED materials photo (2017)

UDC has $380 million in cash and equivalents, and is on the lookout for opportunities to use this money. UDC also increased its guidance for 2017 to be in the range of $285 million to $300 million.

UDC accelerates its OVJP R&D, shows how the process works

Jul 07, 2017

Universal Display recently announced that it is accelerating OVJP R&D, and the company is looking to commercialize this technology with partners. UDC expects it to take a few years before OVJP can really be deployed in production. The company published the video below that shows off the technology and explains the basic principles and advantages.

OVJP stands for Organic Vapor Jet Printing, and the basic idea is to use a gas-stream based process that resembles ink-jet printing but one that uses evaporation OLED materials which outperform soluble ones. In an OVJP process, the OLED materials are evaporated into a carrier gas that delivers them to a jet engine for direct printing of patterned OLED layers. OVJP is intended for large-area OLED displays and can be scaled up to 10-Gen substrates according to UDC.

Universal Display is developing TADF emitter and host materials

Jul 01, 2017

Universal Display was recently awarded a new patent (USPTO #20170186976) that describes high electroluminescent efficiency TADF OLED emitter and host materials based on benzotriazoles.

UDC emitter and host materials photo

It is very interesting to see UDC developing TADF material. The company is focused on phosphorescent based OLEDs but, as they explain in the patent application, "phosphorescent materials generally contain a rare metal element such as Ir or Pt. These metals are rather expensive and are dependent on limited global resources". TADF could also be a viable route towards an efficient blue emitter (blue-emission is specifically mentioned in UDC's new patent).

Japan Display extend and enhance its evaluation agreement with UDC

Jun 16, 2017

Japan Display has extended and updated its evaluation agreement with Universal Display. UDC is supplying its phosphorescent OLED materials and technology to JDI for use in its OLED displays. The financial terms of the agreement have not been disclosed.

JDI was formed in November 2011 by Sony, Hitachi, and Toshiba who combined their small/medium panel production capabilities and received $2 billion from Japan's Innovation Network Corp (INCJ). JDI has an active OLED R&D program and plans to begin producing OLED panels in 2018.

Universal Display reports an excellent Q1 2017, raises guidance for 2017

May 05, 2017

Universal Display announced its financial results for Q1 2017. The company reported an excellent quarter, with revenues of $55.6 million (up 87% from Q1 2016) and net income of $10.4 million (up from $1.9 million in Q1 2016). Material sales were $46.6 million, up 92% over Q1 2016.

UDC emitter and host materials photo

Universal Display believes that the OLED industry is poised to grow faster than earlier expectations in 2017, and the company raised its 2017 guidance to at least $260 million to $280 million - reflecting a year over year growth of 30% to 40%.

Red Gate: is there a problem with Samsung's latest OLED panels?

Apr 19, 2017

Samsung started shipping its Galaxy S8 and Galaxy S8+ phones in Korea, and some of the first customers are complaining that the display have a reddish tint - which did not go away even after correcting the color display settings. This issues was quickly labeled as "Red Gate"... will Samsung face a new crisis?

Red tinted Samsung Galaxy S8 (Yonhap image)

Samsung itself says that there are no quality issues - and that the problem can be adjusted. Customers are welcome to replace their device, though, at service centers in Korea.

Aixtron to supply a major Asian OLED display maker with an OVPD OLED deposition system

Apr 12, 2017

Aixtron announced that it received a purchase order from a major Asian OLED display manufacturer for an OLED deposition system to be installed at the customer site within the second half of 2017. Aixtron does not specifically mention OVPD but as far as we know Aixtron only offers OVPD systems for OLED deposition.

Aixtron OVPD R&D Demo Cluster

Aixtron and the OLED display maker will collaborate to qualify Aixtron's technology for the production of OLED displays. Aixtron says that is OVPD deposition technology (developed originally by Universal Display, and licensed exclusively to Aixtron) offers several unique advantages over competing systems and it can enable the highest deposition rates, provide an efficient material utilization while minimizing the risk of degradation of organic material.

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