News-Spot | Business News | Nov 10, 2015

OLEDWorks Finalizes Acquisition of Key Parts of Philips’ OLED Light Source Components Business

ROCHESTER, N.Y.- Nov. 2, 2015: OLEDWorks LLC, the leading U.S. OLED light engine and panel manufacturing company, today announced that it has completed the acquisition of key OLED assets and relevant intellectual property from Royal Philips (NYSE: PHG; AEX: PHIA), the global leader in lighting. Manufacturing will continue in the existing facility in Aachen, Germany with the establishment of OLEDWorks GmbH. OLEDWorks announced this acquisition in April, 2015.

 

OLED lighting offers integrators an affordable solid-state lighting solution that is extremely thin, lightweight with beautiful, pure light quality. Bolstered by an exceptional concentration of pioneering OLED talent, OLEDWorks brings a novel approach to manufacturing OLED lighting panels. Philips’ Lumiblade OLED group fostered a complementary entrepreneurial OLED lighting innovation with the FL300 series platform, the brightest panel on the market. The synergy between the two groups provides a versatile foundation for aggressively expanding the product portfolio.

“OLEDWorks is dedicated to developing technology partnerships that emphasize our commitment to producing low cost, high performance, leading edge OLED solutions for integration into lighting products”, said OLEDWorks Board Chairman, David DeJoy. “We are confident this strategic acquisition will enable the continued development of OLEDWorks’ innovative technology to meet the unique needs of our customers.”

“With the change of ownership of our OLED components development and production business, Philips Lighting has completed another piece of its strategy to focus on lighting products, systems, and services,” said Mahesh Iyer, Philips CEO Business Group, LED. “We strongly believe that with this activity under the ownership of OLEDWorks LLC, they will continue to be a leading player in this emerging market and a highly valued supplier to Philips Lighting.”

OLEDWorks and the acquired business share a deep passion and commitment to expanding the adoption of OLED in the lighting market. OLEDWorks offers the Lumiblade line a true steward of OLED lighting, committed to growing the market and delivering consistent support and an excellent OLED experience to existing and new customers.

About OLEDWorks LLC

OLEDWorks is a leader in the development and production of affordable and innovative organic light-emitting diode lighting solutions. Founded in 2010, OLEDWorks has built its production methodology on a novel system that delivers competitive and cost-effective OLED solid state lighting panels, while simultaneously offering flexibility and responsiveness. OLEDWorks was founded by many of the original pioneers in the OLED industry, giving OLEDWorks the unique OLED production experience and insight into manufacturing strategies specifically tailored to lighting. OLEDWorks applies its more than 200 person years of collective industry experience in OLED technology to making the most advanced and cost effective solutions in OLED lighting.

Headquartered in Rochester, N.Y., where OLED was discovered, OLEDWorks is the only U.S.- based OLED light engine and panel manufacturer, and has become the dependable domestic source for OLED lighting solutions. For more information, visit www.OLEDWorks.com.

FEATURED

High Bay LED Driver of Efficiency 95%

High Bay LED Driver of Efficiency 95% LIFUD just launched its 1ST generation of high bay driver, LF-FHBxxxYD/YE, for European market and Asian Pacific market. There’s a 12V cable reserved for connecting the driver to smart modules like sensors, Zigbee modules, DALI modules, etc. This 12V cable makes it flexible to meet various demands ... Read more »

FEATURED

Cree® XLamp® CMT LEDs Deliver up to 45 Percent Higher Lumen Density than Competition

Cree® XLamp® CMT LEDs Deliver up to 45 Percent Higher Lumen Density than Competition The new CMT LEDs extend Cree’s metal-based chip-on-board (COB) LED technology to the most prevalent COB form factors. Cree’s XLamp High Current LED Arrays provide up to 45% more lumen density and up to 17% higher efficacy, and feature an innovative metal substrate technology that delivers higher ... Read more »

FEATURED

BJB Launches Innovative Single-row LED Optic Series for Linear and Area Lighting with Slim Design and Integrated Fixing Elements

BJB Launches Innovative Single-row LED Optic Series for Linear and Area Lighting with Slim Design and Integrated Fixing Elements Optics are a critical part of the lighting system, especially when it comes to efficiency and precision beam control. Even the most efficient light sources would be rendered useless without high-quality optics. They enable the designer to extract light from the source and precisely direct it ... Read more »

FEATURED

Accredited Quality for Colorimetric Quantities

Accredited Quality for Colorimetric Quantities Since 2009 Instrument Systems has received accreditation to DIN EN ISO / IEC 17025 for photometric tests and now offers its certified measurement solutions with the flexible scope of application of Category III. Read more »

FEATURED

Smart Control with GRE’s Dimming Modules

Smart Control with GRE’s Dimming Modules Smart and sustainable technologies have been on the forefront at the international lighting events. With the advance of smart devices and return on investment requirements, the smart building is widely becoming the new standard building model. Read more »

FEATURED

Light is the Efficiency Booster

Light is the Efficiency Booster In order to cut costs while providing high-quality light, many luminaire manufacturers today rely on robust LED components and intelligent control technology from OSRAM. Our future-proof lighting systems reduce the power consumption as well as the maintenance effort. Read more »

FEATURED

A.A.G. Stucchi Presents New IP66/68 Connectors

A.A.G. Stucchi Presents New IP66/68 Connectors A.A.G. Stucchi, an Italian company and leader in the lighting components industry, is ready to present 2 new series of IP66/68 connections: 3800 series of mini connectors and 610 series of distributors. The two product series have their very compact design in common. Read more »

EDITORIAL

High Conductive Foils Enabling Large Area Lighting

High Conductive Foils Enabling Large Area Lighting Fraunhofer Institute for Organic Electronics, Electron Beam and Plasma Technology FEP as one of the leading partners for research and development for surface technologies and organic electronics and Sefar AG, a leading manufacturer of precision fabrics from monofilaments, developed a roll-to-roll ... Read more »

page_peel