Konica Minolta and Universal Display Corporation have announced the signing of an OLED Technology License Agreement. Under the agreement, Konica Minolta will be able to integrate Universal Display’s proprietary OLED technologies into Konica Minolta’s white OLED lighting products, thus securing Konica Minolta to accelerate commercialization and to strengthen the competitiveness of its white OLEDs.

White OLEDs offer a set of new performance features not possible from conventional incandescent bulbs and fluorescent lamps. Through the use of Universal PHOLED phosphorescent OLED technology, white OLEDs should reduce energy consumption and lower the amount of by-product heat, further reducing energy and environmental burdens. White OLEDs are also environmentally benign, especially compared to mercury-containing fluorescent lamps and newer compact fluorescent lamps (CFLs). Combining these important ‘green’ features with a very thin, lightweight and durable form factor, white OLEDs offer significant new lighting design opportunities.