Universal Display Eyes 2022 Printing ‘Milestone’ for Large OLED TV Panels
OLED materials and technology supplier Universal Display continues to make “excellent progress” in its “ongoing development work” to commercialize a blue phosphorescent system for large-screen TVs, said CEO Steve Abramson on a Q4 investor call Thursday. The R&D work yielded…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
“advancements” in Universal’s prototype organic vapor jet printing (OVJP) technology for high-yield production of “maskless, solventless, dry direct printing of large-area OLED panels,” he said. The OVJP subsidiary that Universal created July 14 “is focused on scaling our novel technology platform into a commercial equipment system,” he said. The team’s first “milestone” is to develop an alpha prototype system, “anticipated to be ready during 2022,” he said. “We are seeing strong interest from customers and potential partners for our OVJP technology.” Universal expects to increase R&D spending by 25% this year, including “a significant investment in OVJP development,” said Chief Financial Officer Sid Rosenblatt. “We're hiring the teams right now” in California, said Abramson, suggesting Universal will remain quiet on OVJP progress until it achieves the alpha prototype milestone next year.