11.02.15
OLEDWorks LLC has completed the acquisition of key OLED assets and relevant intellectual property from Royal Philips. 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 a concentration of pioneering OLED talent, OLEDWorks brings a novel approach to manufacturing OLED lighting panels. OLEDWorks offers the Lumiblade line; Philips’ Lumiblade OLED group fostered a complementary entrepreneurial OLED lighting innovation with the FL300 series platform, the brightest panel on the market.
“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 David DeJoy, OLEDWorks Board chairman. “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.”
OLED lighting offers integrators an affordable solid-state lighting solution that is extremely thin, lightweight with beautiful, pure light quality. Bolstered by a concentration of pioneering OLED talent, OLEDWorks brings a novel approach to manufacturing OLED lighting panels. OLEDWorks offers the Lumiblade line; Philips’ Lumiblade OLED group fostered a complementary entrepreneurial OLED lighting innovation with the FL300 series platform, the brightest panel on the market.
“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 David DeJoy, OLEDWorks Board chairman. “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.”