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Japanese to speed up OLED developments
Sony, Toshiba, Sharp and other Japanese electronic companies are to join forces to speed up the development of Organic Light Emitting Diode (OLED) panels.
The technology produces flat screens, extremely high quality pictures with no backlight, hence offering significant energy savings panels. Together the manufacturers expect to be able to cut down on development costs.
Also because their Korean competitors are also ramping up their efforts in OLED, whith Samsung already announcing to spend nearly half a billion dollars into OLED developments, they want to hurry up in cutting production costs and advancing technological development.
The Japanese goverment is expected to throw in about $32 million to help with kickstarting the project. The project should run from this year through 2012.
Story filed 10.07.08
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