DuPont announced today that it has signed a technology licensing agreement with a leading Asian manufacturer of Active Matrix Organic Light Emitting Diode (AMOLED) display products. The agreement will enable process technology developed by DuPont to be used in the company's production of large AMOLED television displays. The DuPont AMOLED process technology enables large displays to be produced at significantly lower cost than alternative technologies. Terms of the agreement were not disclosed.
"AMOLED televisions clearly represent the future. They are preferred by consumers for their superior performance, they are more energy efficient and the process technology we're licensing allows them to be manufactured much more cost effectively," said David B. Miller, president, DuPont Electronics & Communications. "We look forward to helping make the promise of AMOLED television a commercial reality at a price point that is within reach for the mass consumer market."
AMOLED displays deliver vivid color, higher contrast, faster response and a wider viewing angle than traditional Liquid Crystal Displays, while consuming less power. AMOLED technology has been well received for small size displays such as in mobile phones, but cost has been a major barrier to the adoption of AMOLED technology for televisions up to this point.
DuPont has developed a proprietary solution-based printing technology that efficiently dispenses liquid OLED materials that it has developed to optimize display yields and performance. The process is designed to significantly cut production costs for television-sized displays when compared to the current methods of producing AMOLED or LCD displays.
"Over the last several years, DuPont has used its substantial resources as a market-driven science company to solve significant technical challenges associated with the cost-effective manufacture of AMOLED displays. As a result, DuPont has developed a unique manufacturing process and innovative materials tailored to work with it," said William F. Feehery, global business director, DuPont Electronics & Communications. "By licensing display manufacturers to make AMOLED displays using DuPont process technology, we will also build a business selling proprietary DuPont OLED materials."
Based on industry estimates, the AMOLED television market is projected to grow to over $5 billion by 2017.
For more information on DuPont AMOLED technologies, please visit http://oled.dupont.com.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.
Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. The company does not undertake to update any forward-looking statements as a result of future developments or new information. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in DuPont's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; research and development of new products, including regulatory approval and market acceptance, and seasonality of sales of agricultural products.
Link to Animated Video: DuPont AMOLED process technology
Caption: The DuPont solution-based printing process for manufacturing AMOLED displays enables large TV displays to be produced cost effectively. Video courtesy of DuPont.
Link to high-res photo: http://www2.dupont.com/OLED/en_US/assets/images/large_screen_tv.jpg
Caption: DuPont technology enables the cost-effective production of large AMOLED TV displays, which offer brighter, sharper images than traditional Liquid Crystal Displays, while consuming less power.
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