Universal Display (UDC) is an OLED research company, and one of the field's pioneers. UDC is involved in OLED IP, and holds many patent related to the commercialization of phosphorescent based OLEDs and also flexible, transparent and stacked OLEDs - for both display and lighting applications. The company offers both emitting and host materials.
UDC licenses its OLED production IP, and also sells OLED chemicals. UDC lists Samsung, LG, Pioneer, Panasonic Idemitsu OLED lighting and Konica Minolta as its licensees. UDC is working with many other companies, including Sony, DuPont and Novaled. Back in 2009 UDC claimed that "virtually All AMOLEDs on the market use our technology".
UDC trades in the NASDAQ (ticker: OLED). We posted a Q&A article with the company's director of communication in April 2014.
The latest UDC news:
Universal Display reported its Q3 2019 financial results - revenues were $97.5 million, and net income was $37 million. This was another strong quarter for the company, which increased its 2019 guidance to revenues of $400 - $410 million.
UDC believes that year-end 2019 will have an installed OLED square meter cpaacity that is 50% larger than year-end 2017. In 2020 the company sees continued revenue and earnings growth. By 2021, UDC sees OLED capacity to incrase about 50% again over year-end 2019.
In August 2019 Universal Display announced that it has established a network of OLED materials partnerships to help commercialize its new host materials. LG Chem announced today that it joined UDC's network and the two companies will work together to co-develop OLED host materials.
Under the new agreement, UDC will supply LG Chem with its phosphorescent emitters, while LG Chem will develop and host materials. The two companies will jointly develop the host/emitter system with an aim to develop a wider color gamut OLED device.
Earlier this month Universal Display announced that it has established a network of OLED materials partnerships to help commercialize its new host materials. Today UDC announced the first such partners, China-based Eternal Material Technology Company (EMT).
UDC announced that the two companies are working together to commercialize OLED host materials. EMT will be a volume manufacturer and vendor of these host materials to OLED panel markers in China.
Universal Display and Merck announced that the two companies will collaborate on OLED research and development. The two companies will join their know-how to accelerate the development of new products.
This joint development program brings together UDC's leading-edge phosphorescent OLED emitters with Merck's state-of-the-art transport materials. The objective is to develop higher performing OLED stacks for OLED manufacturers around the world.
Universal Display reported its financial results for Q2 2019. Revenues were $118.2 million, the operating profit reached $48.7 million and net income was $43.4 million. UDC increased its 2019 revenue guidance to be in the range of $370 million to $390 million. The company ended Q2 with $553 million in cash and equivalents.
The Q2 results include about $15-20 million of orders that UDC estimates were pulled-in from the second half of 2019 as Chinese customers build up inventory for trade-related reasons.
DSCC analysts say that OLED stack materials will grow from $1.04 billion in 2018 to over $2 billion in 2022 - a CAGR of 17%.
DSCC says that up until now it greatly underestimated Novaled's revenues, and it now says that Novaled generated revenues of $97 million in 2017 and $122 million in 2018. Novaled is the third largest OLED material company by revenue - following Universal Display and Merck. The three companies combined will hold a market share of 56% in 2023.
Universal Display announced that next week during SID DisplayWeek it will demonstrate, for the first time, a PHOLED display device that was produced using the company's OVJP process at its recently-installed pilot line system.
The green OVJP device features a lifetime of over 50,000 hours (LT95) at 1,000 nits. At the tradeshow UDC will also show its latest commercial and development red, yellow, green and blue phosphorescent material systems in its "eco-friendly PHOLED Garden".
Universal Display announced that it has formed a new corporate venture arm called UDC Ventures. UDC Ventures plans to invest and partner with new start-ups and companies with an emphasis on technology platforms that have a strong proprietary position and significant growth potential.
UDC Ventures has several strategic sectors of interest, including OLED, organic electronics, displays, lighting, materials science and other related areas. UDCV will invest in companies at all stages - from early R&D through late-stage established companies.
Universal Display reported its financial results for Q1 2019, with revenues of $87.8 million, an operating profit of $34.3 million and a net income of $31.5 million. UDC sees solid momentum in the OLED industry and it is raising its 2019 revenue guidance - to be in the range of $345 million to $365 million. UDC ended the quarter with $527 million in cash and equivalents.
Regarding its blue emissive system development, UDC says that it continues to make "excellent progress" in its ongoing development work. UDC still cannot predict when its blue OLED will be commercially available.
In 2010 Universal Display announced a new AMOLED display architecture called RGB1B2 that uses two blue sub-pixels - a fluorescent deep-blue and a phosphorescent light blue. The introduction of a light blue sub-pixel can significantly extend the operational lifetime of an OLED display and reduce the display's power consumption by as much as 33%.
The RGB1B2 was never adopted (one of the reasons is that adding another sub pixel complicates the TFT backplane and has other disadvantages - but the architecture is now again on the table and UDC presented it again at OLED Korea 2019.