OLED Glass Venture Formed

Combining !%Corning’s%! Lotus Glass substrate technology with Samsung’s OLED displays, the Korea-based entity will supply OLED backplane glass substrates for Samsung Mobile Display as well as the broader Korean market.

OLED technology advanced rapidly in 2011, setting a trend that is forecasted to continue through this decade, according to a recent NPD DisplaySearch report. The market research company estimates that OLED display revenues will exceed $4 billion in 2011 (approximately 4 percent of flat panel display revenues) and will reach more than $20 billion (approximately 16 percent of the total display industry) by 2018.

Samsung plays a role in this emerging market through its Galaxy mobile device products and Super OLED TV technology, which was introduced in January at the International Consumer Electronics Show in Las Vegas. Corning said that its Lotus Glass substrates enable the higher processing temperatures and improved dimensional stability required to produce the new displays.

For more information, visit: www.corning.com or www.samsung.com