OVJP - Page 3

Universal Display reported their financial results for Q1 2013. Revenues were $15 million (up 19% compared to Q1 2012) - with a 40% increase in commercial material sales, mostly due to the fact that Samsung Display Corporation (SDC) adopted UDC's green PHOLED (host and emitter) in the 5" Full-HD Super AMOLED dipslay used in the GS4 smartphone (shipments of these new materials started in March). UDC reported a net loss of $4.8 million in the quarter.

Guidance and cash

UDC did not change their revenue guidance for 2013 - it will be in the range of $110 - $125 million (32% to 50% increase over 2012). This includes a $40 million license free from SDC. They assume that the OLED market will grow to over $10 billion in 2013 (they use DisplaySearch estimates). UDC has around $220 million in cash and they used $10.9 million in the first quarter.

Universal Display and Acuity Brands presented advances in their stripes white OLED architecture project. A stripes OLED is made from thin stripes of red, green and blue OLEDs. When you put a diffuser panel on top, it appears white. The stripes architectural results in efficient panels, that are also color tunable (2500-4000K).

UDC reports that the project is proceeding well - and in fact the pixel performance exceeds the project's goal. They fabricated the first 15x15 cm panel samples already and both companies are on target to deliver the actual luminaries in 2012 (which are based on the same design as the Kindred and the Revel - the lamps that use LG Chem's OLED panels). UDC is also working to further optimize the panel's performance.

The Gizmodo team paid a visit to Universal Display, and they have an interest account of it, complete with photos and a video.

They discuss the different ways of producing the OLED screen - Vacuum Thermal Evaporation,Organic Vapor Phase Deposition, Organic Vapor Jet Printing, and altogether it's a good read. 

Universal Display and Princeton University announced that they have been awarded a $4 million project from the DOE. This is a 3-year project titled "Novel Low Cost Organic Vapor Jet Printing (OVJP) of Striped High Efficiency Phosphorescent OLEDs for White Lighting".

In this project OVJP will be used to fabricate white OLED lighting panels. The panel will use UDC's Striped OLED architecture which uses a series of red, green and blue OLED stripes to achieve white light emission.