Adoption of Idemitsu's OLED Material in LG Electronics' Latest OLED TV
OREANDA-NEWS. Idemitsu Kosan Co.,Ltd.´s (Head Office: Chiyoda-ku, Tokyo; Representative Director and CEO: Takashi Tsukioka, hereinafter "Idemitsu") OLED material will be used for LG Electronics Japan Inc.´s (Head Office: Chuo-ku, Tokyo; President: In-gyu Lee) latest OLED TV "LG OLED TV,*" which will be released in Japan this coming mid-May.
An OLED TV is a next-generation television that has a display which eliminates the need for backlight, which is different from an LCD TV. Eliminating the need for backlight makes it possible to not only provide a curved and super-thin display but to also represent jet black without being affected by the illumination of the backlight. Idemitsu has studied and developed OLED materials since the 1980s and has a particular advantage in the development of high-performance blue light-emitting materials. In addition, Idemitsu also has many related patents and manufacturing plants in both Japan and South Korea, and supplies materials to a variety of manufacturers.
After the agreement to form a strategic alliance regarding the OLED business in 2009, Idemitsu and the LG Group concluded an agreement for mutual cooperation in the field of OLED technology and device-related patent licensing in December 2014. As leading companies, each company has achieved results in product development through their active efforts in this field.
As a result of concluding the agreement, Idemitsu´s OLED material will be used for LG Electronics´ latest television to be released in Japan following the world´s first large high-definition OLED TV which was released by LG Electronics in 2013.
Both companies will continue to provide technical cooperation to develop materials and products that will popularize the use of OLED displays.