January 10, 2012 — Lumiotec Inc. will use phosphorescent and other organic light emitting diode (OLED) technologies from Universal Display Corporation (NASDAQ:PANL), under an OLED technology license agreement.
Lumiotec is planning to mass produce high-efficiency OLED lighting panels, utilizing Universal Display technologies like UniversalPHOLED technology and materials in combination with Lumiotec’s multi-photon emission device technology. The device structure enables simultaneous achievement of high luminance and long lifetime. Universal Display’s phosphorescent OLED technology and materials have demonstrated a four-to-one power advantage over other OLED technologies, the company reports.
The manufacturing will take place at Lumiotec’s facility in Yonezawa City, Yamagata Prefecture. The production system uses in-line deposition equipment with linear evaporation source for large substrates to achieve high production speeds at a large scale. Lumiotec will start to deliver in February 2012, mainly 145mm2 warm white color, and 40lm/W OLED lighting sample panels. In April, Lumiotec plans to begin mass production.
Lumiotec also continues to develop natural white color, high-efficient OLED lighting panels, aiming at the release in the same year.
Under the license agreement, Universal Display grants Lumiotec license rights under various patents and associated know-how owned or controlled by Universal Display for Lumiotec to manufacture and sell certain OLED products for lighting applications. Lumiotec will pay Universal Display license fees and running royalties on its sales of these licensed products under the agreement. The term of the agreement runs through December 31, 2015. Universal Display separately agreed to sell to Lumiotec certain OLED materials for use by Lumiotec in manufacturing OLED products as authorized under the agreement.
Lumiotec Inc. was founded by Mitsubishi Heavy Industries, Ltd., Rohm Co., Ltd., Toppan Printing Co., Ltd., and Mitsui & Co. Ltd. in 2008 to develop, manufacture and sell OLED lighting panels. The company began shipments of its mass-produced OLED lighting panels in January 2011. To learn more about Lumiotec, please visit www.lumiotec.com.
Universal Display Corporation (Nasdaq:PANL) develops state-of-the-art, organic light emitting device (OLED) technologies, materials and services for the display and lighting industries. To learn more about Universal Display, please visit www.universaldisplay.com.