It’s reported that Konica Minolta has signed a deal with OLED developer Universal Display Corporation (UDC) to develop the technology in lighting applications.
By incorporating the phosphorescent OLED technology of UDC with Konica technologies, it can further accelerate development and commercialization of OLED lighting. The two companies have signed an OLED Technology Licence Agreement that will involve Konica using some special little tricks UDC has developed to make more efficient OLEDs.
Using something called phosphorescent OLED tech, the next-gen display and lighting technology can be made to run almost four times more efficiently, helping to drop cost and improve performance compared to current lighting. Konica intends to produce OLED lighting by 2011, and this deal will help bring the technology closer to fruition.
As part of the deal, Konica will share royalties from future OLED lighting with UDC, which has a struck a number of similar deals with companies in the lighting and display markets.
