Executive Vice President and Chief Financial Officer of Universal Display says in an report:”We are pleased to report a significant improvement in our second quarter 2010 financial performance,”Revenues rose significantly and our operating loss was reduced by two-thirds compared to the second quarter of last year. As a result of the ever-widening utilization of our UniversalPHOLED(TM) technology and materials, both our commercial and developmental revenues increased and operating results improved. With display quality and power efficiency performance becoming an increasingly important selling feature for handheld devices, our strategy is to strengthen our technological leadership and continue our legacy of innovation to more firmly establish the UniversalPHOLED(TM) technology and materials franchise.”
Mr. Rosenblatt continued, “Demand for AMOLED displays is reportedly outstripping supply. Manufacturers are in the process of significantly expanding their capacity for small-area OLED display applications and migration to larger format displays is expected. In addition, the development of white OLED lighting should create another exciting market opportunity for our technology and materials. This quarter we announced a series of new technological innovations to help sustain our industry leadership, add to our competitive advantages, and create value for our shareholders.”
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Mr. Rosenblatt concluded, “Looking ahead, the momentum behind adoption of AMOLED display technology in handheld devices appears to be accelerating. Longer term, we believe there is opportunity for additional demand for our UniversalPHOLED technology and materials in the emerging market for white OLEDs, as well as expansion into larger displays. We intend to follow the disciplined strategy that has established Universal Display as the industry leader to capitalize on the rising demand for more power efficient and cost-effective displays and lighting solutions in a world that is increasingly visual, environmentally-sensitive and energy efficient.”
Transparent Light Origami
The OLED device is made from 16 triangular, transparent, glass PHOLED panels that, when turned on, glow either red, blue, or green but remain transparent. When turned off the panels are clear. Each panel is connected to the next via a friction hinge, which is similar to the hinge on a laptop screen. This allows the structure to be folded and bent into an endless variety of shapes.
The design of the TLO was inspired by the observation that colors emitted by overlapping transparent PHOLED panels combine in an additive way, as is the case with overlapping PHOLED materials in an OLED panel. Red and green produces yellow, red and blue produces magenta, etc. All three colors overlapping produce white light. As illustrated by the TLO, when overlapping layers of red, green and blue PHOLED materials are sandwiched within a single panel, white light is emitted.
