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 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 Venture. UDC VEnture 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 Venture 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 uts 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.
Universal Display announced that it has signed an OLED evaluation agreement with Wuhan China Star Optoelectronics Semiconductor Display Technology (CSOT). UDC will supply CSOT with proprietary UniversalPHOLED phosphorescent OLED materials for display applications. UDC did not disclose any more details about the agreement.
Towards the end of 2018, CSOT, a subsidiary of TCL, started construction on its T7 large-area display production fab. The T7 fab, which has a total cost of around 42.7 billion Yuan ($6.15 billion USD), will produce both LCD and OLED displays on IGZO backplanes. CSOT's plan is to start production by the end of 2020 - with real mass production starting in 2021.
The first day of the OLED Korea 2019 conference is almost over - with some interesting lectures and talks by leading OLED companies and professionals. Here are some of the things under discussion today (highlights only):
- Some believe there will be a real market for >$2,000 foldable OLED devices, and some call for cost reductions before real adoption could take place
- LG Display is optimistic regarding the future of OLED TVs
- Samsung will not commit yet to its QD-OLED technology
- Both Cynora and Kyulux are rapidly progressing towards a long lasting TADF/HF blue - but it seems there's still work to be done
- Idemitsu Kosan is increasing its fluorescent OLED emitter efficiency
- Universal Display's RGBB architecture is back on the table - and the company now highlights the architecture's low blue light emission. UDC seems more optimistic then ever regarding blue PHOLED commercialization
- Equipment maker's focus is shifting to China as Korean OLED makers will not increase capacity in the near future
Universal Display reported its financial results for Q4 2018 - with revenues of $70.1 million and a net income of $19.2 million. UDC increased its quarterly dividend to $0.1 per share, and expects its 2019 revenues to be in the range of $325 to $350 million.
UDC recently adopted a new accounting standard (ASC 606) which lowers its revenue and income in the early stage of each royalty and material sales contact.
USC researchers develop copper-based OLED emitters that could pave the way to an efficient long-lasting blue OLED
Researchers from the University of Southern California (USC) led by Mark E. Thompson (who was the first to report on efficient phosphorescent OLEDs, later commercialized at UDC) developed a new copper-based phosphorescent OLED emitter compound, that could have several advantages to the currently-used iridium compounds.
The researchers say that copper-based emitters could be cheaper (as iridium is an expensive and rare element) - but more importantly could be the key to develop an efficient and long-lasting blue OLED emitter.
Universal Display announced an OLED evaluation agreement with China-based OLED Microdisplay producer Seeya Information Technology. UDC will supply Seeya with its phosphorescent OLED materials for display applications. The two companies did not disclose any more details.
In September 2017 Seeya announced plans to build an OLED microdisplay production line in Hefei, China. Seeya's fab will have a yearly capacity of 20 million displays, and will require an investment of almost $300 million USD.
Universal Display reported its financial results for Q3 2018. Revenues increased 26% from last year, to reach $77.6 million (material sales increased 9% to $51.2 million). Net income was $22.8 million (up from $13.5 million in Q3 2017).
UDC lowered its 2018 revenue guidance to $240-250 million. Even though the market has picked up in the quarter for its major customers (SDC and LGD), UDC's revenues and guidance disappointed investors.