| Market Capitalization (Millions $) |
3,887 |
| Shares
Outstanding (Millions) |
47 |
| Employees |
469 |
| Revenues (TTM) (Millions $) |
626 |
| Net Income (TTM) (Millions $) |
214 |
| Cash Flow (TTM) (Millions $) |
2 |
| Capital Exp. (TTM) (Millions $) |
102 |
Business Description
We are a pioneer in the research, development, and commercialization of organic light-emitting diode (OLED) technologies and materials for display and solid-state lighting applications. OLEDs are thin, lightweight, and power-efficient solid-state devices that emit light and can be produced on both flexible and rigid substrates, making them ideal for usage in full-color displays and lighting applications. OLED displays are gaining market share, particularly in the mobile phone, television, wearable, tablet, laptop and personal computer, augmented reality (AR), virtual reality (VR), portable media device, and automobile industries. We believe this is because OLEDs have the potential to outperform rival display technologies in terms of power efficiency, contrast ratio, viewing angle, video reaction time, form factor, and cost.
We also believe that OLED lighting products have the potential to replace many existing light sources in the future because of their high-power efficiency, excellent color rendering index, low operating temperature and novel form factor. Our technology leadership, our current intellectual property position, and our more than 20 years of experience working closely with leading OLED display manufacturers are some of the competitive advantages that should enable us to continue to share in the revenues from OLED displays and lighting products as they gain wider acceptance.
Our primary business strategy is to (1) develop new OLED materials and sell existing and new materials to product manufacturers for display applications, such as mobile phones, televisions, wearables, tablets, portable media devices, notebook computers, personal computers and automotive applications, and specialty and general lighting products; and (2) further develop and either license or otherwise commercialize our proprietary OLED material, device design and manufacturing technologies to those manufacturers. We have established a significant portfolio of proprietary OLED technologies and materials, primarily through our internal research and development efforts and acquisitions of patents and patent applications, as well as maintaining long-standing, and establishing new relationships with world-class universities, research institutions and strategic manufacturing partnerships. We currently own, exclusively license or have the sole right to sublicense more than 5,500 patents issued and pending worldwide.
We manufacture and sell our proprietary OLED materials to customers for evaluation and use in commercial OLED products. We also enter into agreements with manufacturers of OLED display and lighting products under which we grant them licenses to practice under our patents and to use our proprietary know-how. At the same time, we work with these and other companies that are evaluating our OLED material, device design and manufacturing technologies for possible use in commercial OLED display and lighting products.
Thin, energy-efficient display panels that can be manufactured on glass or flexible substrates are essential for a wide variety of portable consumer electronics products, such as mobile phones, AR/VR headsets, digital cameras, wearables, tablets and notebook computers. Due to their narrow profile and light weight, flat panel displays are the display of choice for larger product applications, such as computer monitors and televisions.
Liquid crystal displays, or LCDs, continue to dominate the flat panel display market. However, we believe that OLED displays are an attractive alternative to LCDs, and OLED displays are gaining market share, because they offer a number of potential advantages, including:
higher power efficiencies, thereby reducing energy consumption;
a thinner profile and lighter weight;
higher contrast ratios, leading to sharper picture images and graphics;
wider viewing angles;
deposition on non-rigid substrates which enable conformable and flexible displays;
faster response times for video and gaming; and
lower cost manufacturing methods and materials.
Based on these characteristics, product manufacturers have adopted small-area OLED displays for use in a wide variety of electronic devices, such as smartphones, wearables and tablets. Manufacturers are increasingly commercializing large-area OLED displays for use in televisions. We believe that if these efforts are successful, they could result in sizeable markets for OLED displays.
Company Address: 250 Phillips Boulevard Ewing 8618 NJ
Company Phone Number: 671-0980 Stock Exchange / Ticker: NASDAQ OLED
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