Panasonic is reportedly going to withdraw from the OLED lighting market. The Japanese company cannot see earnings coming from this operation due to the high cost of production. Panasonic Idemitsu OLED lighting (PIOL, established in 2011 with Idemitsu Kosan) will be dissolved. Panasonic will turn all of its focus into LED lighting.
This is sad news and a bit of surprise as only a few weeks ago Panasonic demonstrated three new OLED lighting panels at a LED trade show in Tokyo, including the company's first flexible OLEDs. On the other hand, In December 2013 Panasonic also canceled their OLED TV joint development with Sony. So perhaps it makes sense for Panasonic to withdraw from OLEDs altogether.