Sony, Panasonic to Team up to Mass-produce OLED TV Panels

"The companies aim to develop an effective way to print large panels that use OLEDs, or organic light-emitting diodes, by next year, they said in a statement. They signed an agreement Monday that includes sharing their technology and jointly researching mass production techniques.

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Both Sony and Panasonic booked record losses last fiscal year as costs mounted in their TV businesses, with prices for LCD sets plunging in a largely commoditized market. Both companies have said they will not abandon the flagship product, though efforts to revive sales through features like 3D and networked services have yet to generate profits.

Sony said it will contribute its knowledge and research into OLEDs up until now, while Panasonic, which also makes plasma TV sets, said it currently has production equipment and know-how that should be applicable to large-screen OLED screens.

In addition to traditional flat screens, OLEDs can be applied to many different substrates, making curved and even flexible or rollable screens possible." via PC World