|[January 23, 2013]
Samsung Display Achieves Milestone - Exceeding 300 Million OLED Panel Production Mark
SEOUL, South Korea --(Business Wire)--
Samsung (News - Alert) Display Co., Ltd., a global leader in display panel technologies
and products, announced today that it has exceeded 300 million panels in
cumulative OLED (Organic Light Emitting Diode) panel production since
mass production began in January 2007.
Piling all 300 million Samsung OLED panels on top of one another would
equal more than 68 times the height of Mt. Everest. That volume averages
out to having produced more than 470,000 panels a day, or 5.4 panels a
While it took Samsung Display four and a half years to reach the initial
100 million production mark for OLED panels, the next 100 million units
were produced in just eleven months, and the last 100 million units were
produced in only seven months.
Samsung Display held a ceremony to commemorate the 300 million
production milestone today at Samsung Display City located in Asan city,
Chungcheongnam-do, Korea, which was attended by its president and more
than 300 other employees.
Kinam Kim, the president and CEO of Samsung Display, said at the
ceremony, "After six years of nearly constant production, we have
achieved a monumental milestone in producing 300 million panels, which
represents the vast majority of OLED panels produced during that time."
He added, "Samsung Display will accelerate its leadership in OLED
production by introducing the next generation OLED technology, including
large-sized TV panels and flexible displays."
Samsung Display has 98 percent market share in the OLED panel market.
Its OLED technology is considered the premium technology for the next
generation of displays due to OLED's high color gamut, more vivid and
natural images than conventional display technologies, and optimized
features for future displays including flexible and transparent display
Since Samsung Display mass produced the world's first OLED panels in
2007, its OLED displays have been used in smartphones, tablet PCs and
About Samsung Display Co., Ltd.
Samsung Display Co., Ltd. is a global leader in display panel technology
and products. Employing approximately 39,000 people at seven production
facilities and nine sales offices worldwide, Samsung Display specializes
in high-quality displays for consumer, mobile, IT and industrial usage,
including those featuring OLED (organic light emitting diode) and LCD
technologies. As a total solution provider, Samsung Display strives to
advance the future with next-generation technologies featuring
ultra-thin, energy-efficient, flexible and transparent displays. For
more information, please visit www.samsungdisplay.com.
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