Update: Panasonic announced that they will start shipping OLED panels on September 1st, 2011.
Universal Display signed a technology license agreement with Panasonic Idemitsu OLED Lighting (PIOL). PIOL will use UDC's OLED materials and technologies in its lighting products, and will pay running royalties on its sales (some of it prepaid) and may also purchase OLED materials. The agreement runs through July 2014.
Panasonic Idemitsu OLED Lighting was established by Panasonic Electric Works (PEW) and Idemitsu Kosan in March 2011, with the aim of developing, manufacturing and marketing OLED lighting panels. The company combines PEW's design and manufacturing technologies with Idemitsu OLED materials. PEW was already using UDC's materials, and it's interesting to hear that the joint-venture will now use UDC materials as well and not just Idemitsu' materials. This validates the claim that efficient OLED lighting (above 40 lm/W or so) requires phosphorescent materials.