Dow and OSRAM Reach Agreement for Commercial Supply of Light-Emitting Polymers (LEPs)
The Dow Chemical Company and OSRAM Opto Semiconductors, Inc. announced that the companies have signed a commercial supply agreement for LUMATION* Light-Emitting polymers (LEPs) for use in OSRAM's PictivaTM polymeric light-emitting diode (pLED) display modules.
Although specific terms of the agreement were not made public, the multi-year deal provides a flexible, self-adjusting pricing structure for the two companies.
"Reaching agreement with OSRAM for the commercial supply of LUMATION LEPs is a major milestone for our business," said Rob Spurling, business director of the Display Technologies Group of Dow's Advanced Electronic Materials (AEM) business. "We are elated to extend our commitment to OSRAM's success by sharing in both the market risks and benefits of the emerging pLED display industry."
"This agreement squarely aligns Dow's focus with OSRAM's success in building our Pictiva display business," said Joe Carr, president and CEO of OSRAM Opto Semiconductors, Inc. "It will help us address supply chain pricing pressure as our end markets become more competitive by automatically adjusting our polymer pricing as changes occur in the market pricing of our display products."
pLEDs are a new display technology platform for producing bright, high-contrast, low-voltage emissive displays, which provide many advantages over incumbent display technologies, such as traditional liquid-crystal displays (LCDs). LEPs such as those produced by Dow are the critical light-emitting material in a pLED display.
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