Samsung And Corning Join Hands To Feature Strong OLED Screens

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href=”http://www.corning.com/” rel=”homepage” target=”_blank” title=”Corning Incorporated”>Corning Incorporated and href=”http://www.samsung.com/” rel=”homepage” target=”_blank” title=”Samsung”>Samsung Mobile Display Co., Ltd. have signed an agreement to establish a new equity venture for the manufacture of specialty glass substrates for the rapidly expanding organic light emitting diode (OLED) device market. 

The joint venture will use Corning’s new Lotus Glass and Samsung’s href=”http://en.wikipedia.org/wiki/Organic_light-emitting_diode” rel=”wikipedia” target=”_blank” title=”Organic light-emitting diode”>OLED display tech. Lotus Glass is an interesting product from Corning that is a glass substrate that goes over the top of an OLED display and can be flexed without breaking. That allows it using curved handsets and should make it last longer in the real world by being able to deform when dropped or hit rather than breaking. This new business will be based out of South Korea.

“Samsung Mobile Display has led the global display industry by constantly seeking innovations and challenging current technologies’ limits. We are confident that combining our business powers with Corning’s technology leadership will deliver greater value to our clients,” said Soo In Cho, Samsung Mobile Display’s president and chief executive officer.

“Corning and Samsung have a long and successful partnership in the display industry, dating back nearly 40 years to the early days of television,” said Wendell P. Weeks, Corning’s chairman, chief executive officer, and president. “The strength of our business relationship is built on Corning’s ability to develop and make high-technology glass with the key attributes that enable Samsung’s next-generation displays. Together, we have led the evolution of displays — from the high-growth years of CRT, to our current successful business supplying world-leading substrates for today’s high-definition LCD TVs, and now to the launch of this important new venture to advance OLED technology,” Weeks stated.

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