Universal Display Corporation (UDC), a developer of organic light emitting diode (OLED) technologies for flat panel displays, lighting and other opto-electronic applications, announced the signing of a multi-year technology development program with Seiko Epson Corporation. The program will focus on the development of technology for the future production of phosphorescent OLED (PHOLED) displays by ink-jet printing.
During this multi-year program, the two companies will work to apply Universal Display's PHOLED technology to the high-speed ink-jet printing process developed by Epson. This collaborative effort is designed to facilitate the low-cost production of large-area OLED displays in the future.
UDC claim that PHOLEDs have been shown to be up to four times more efficient than other traditional OLED technologies, "which is key for lower power consumption, less heat generation and longer operating lifetimes."
"We are very excited to be working with Seiko Epson Corporation to adapt our PHOLED technology to be used with their ink-jet printing technology," stated Steven V. Abramson, President and Chief Operating Officer of Universal Display Corporation. "The team at Epson has vast experience in the ink-jet printing of OLED technology, and was the first to demonstrate a 40-inch OLED television. We believe that the brightness, long lifetime and power efficiency of our technology, along with Epson's ink-jet printing expertise, will accelerate the development of large-area OLED displays for televisions."
"We are pleased to be working with Universal Display and are excited to combine the strengths of our two companies," said Shoichi Iino, OLED Business Director of Epson. "This agreement allows us to further advance our core technologies and fulfill our vision of commercializing cost-effective, high-performance OLED displays. We have been working on developing ink-jet printed OLED displays for a number of years and Universal Display's PHOLED technology has the potential to help make our vision a reality."
Targetted consumer markets include televisions and home entertainment systems.