Universal Display Corporation (PANL) Canaccord Genuity 32nd Annual Growth Conference Call August 14, 2012 1:00 pm ET Executives Sidney D. Rosenblatt – Executive Vice President and Chief Financial Officer Analysts Jed Dorsheimer – Canaccord Genuity, Inc. Presentation Jed Dorsheimer – Canaccord Genuity, Inc.
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In addition to that, it is in Toshiba Excite, all of these actually come from Samsung, but these are other products that have OLED technology in them, organic light-emitting diode technology as Jed said, it is actually thin-films of emissive materials. An OLED is a solid-state device, and the entire OLED stack is 11,000 to thickness of a hair. So it is a very thin technology. Samsung and LG has each demonstrated 55-inch OLED TVs at SID and at a number of other conferences, there has been reports that they’re going to introduce them at anytime from this summer to the end of the year, to the end of next year, realistically I don’t think anybody is going to have any volume at least until the end of next year. They are making them today in pilot facilities and prototyping facilities. Even though they just reported LG will sell 15,000 units. I think when they do that, you’re talking about $8,000 or $9,000 a unit. So it is really not a real product that is in the marketplace.Jed talked a little bit about lighting I believe next door. OLEDs are very efficient light generators. We can get almost a 100 lumens per watt in the laboratories, but in an OLED light source really gives you some things that other technologies cannot. If you look at the top right hand picture, that is an Acuity Brands light source. It is literally each one is as thick as two pieces of glass. So architecturally you can make things that blend into the walls, the ceilings, it does and it generates very little heat and I’ll talk a little bit of more about that, but OLED lighting is something as we move forward, we’ll start to get commercialized in the next few years.
We have more than 2,700 patents issued and pending. We actually just purchased 1,255 patents from Fujifilm and the OLED field and I’ll talk a little bit more about that as I move forward. And we have fundamental intellectual property in the architecture of making an OLED using our phosphorescent and in the actual materials that we make and sell. We have that made for us by PPG Industries. We’d always qualify them and shift them from our facility in Ewing, New Jersey.This is a what an OLED architecture looks like, just to give you an idea, as LCD technology, which is on this laptop and a number of others if you actually pulled it apart you would see a bright white light in the back then you see a piece of glass that has transistors and on top of that you put layers of liquid crystals and if you pushed on your screen you would actually see them move around. OLED is very different, there is no backlight. These are self emissive materials. You have your transistor play and then you put about 7 to 9 layers of film on that transistor play and then you put glass on top of that. That’s the entire device, there is no light bulbs, it’s not reflective, it doesn’t use ambient light, but the materials themselves lied up. This entire stack is 1,100 to thickness of a hair. Read the rest of this transcript for free on seekingalpha.com