The new generation of liquid crystal displays

4 November 2009

A new generation of flat panel displays is being developed with the help of experts at the University of Hull, which may ultimately supersede Liquid Crystal Displays (LCDs). The first stable liquid crystals were invented at the University’s chemistry department in 1971.

Organic Light Emitting Diodes (OLEDs)Organic Light Emitting Diodes (OLEDs) are devices that can be used for small screen mobile displays, lighting and TVs.

Industry giants such as Sony, LG and Kodak amongst others are developing screens that are just millimetres thick and have a far sharper picture than plasma or LCD screens. Unlike existing screens which need a backlight, OLED pixels radiate light, making them far more energy efficient.

Although the first OLED TVs are already being manufactured, they are on sale in low volume and their price tag is still comparatively high. The materials being developed by the University of Hull may be far more cost effective to manufacture and are different in make-up from the OLEDs currently being developed elsewhere.

Sony and Kodak are using a small molecule approach which is difficult to scale-up and can only be deposited on glass surfaces. Others are using ink jet printing methods to produce small size displays, but resolution becomes an issue at larger sizes. The materials for devices being developed by the University however are scalable, high resolution and can be manufactured on a variety of surfaces such as flexible plastic.

The work from the University has attracted investment from IP Group and together they have formed a company called Polar OLED Ltd. Bringing academic and commercial minds together, a unique approach has been created which will be invaluable to companies producing OLED displays in large quantities.

Professor Steve Kelly is from the University’s Chemistry department. He worked with Professor George Gray who pioneered the original liquid crystal research. He says: “I remember how rewarding it was to work with liquid crystals in the 1970s; to see how our work led to a new era in TV manufacturing – from the bulky cathode ray tube to the streamlined liquid crystal displays – was quite spectacular. What we are experiencing with OLED technology is just as much of a seismic shift and to be a part of this cutting-edge optoelectronic research is immensely exciting.”

Working alongside Professor Kelly is Professor Mary O’Neill from the University’s Physics department. She says: “This is a rare opportunity to work across the disciplines of physics, chemistry and commerce to develop a device that will have widespread impact. I look forward to seeing our OLED materials being used extensively.”

Danny Lynham, investment manager for IP Group says: “We are truly excited about working with the University of Hull. OLED devices have huge commercial potential in the worldwide display market and we look forward to working closely with major strategic players to attract further interest and investment.”

Ends.


Page last updated by Sophie Ottaway on 2/4/2010

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Notes to Editors

About Polar OLED Ltd
Polar OLED has been formed specifically to commercialise the intellectual property held and being developed by the University of Hull in optoelectronic devices. By combining business experience with cutting edge research we are looking to go from strength to strength in the production and supply of unique optoelectronic device materials.

About IP Group plc
IP Group is an intellectual property (IP) commercialisation company that specialises in commercialising university technology. Founded in 2001, IP Group listed on AIM in October 2003 and moved to the Official List in June 2006. It has made two acquisitions to date - Techtran, a company set up to commercialise university intellectual property under a long term contract with the University of Leeds, in 2005 and Top Technology Ventures, an investment adviser to early stage technology venture capital funds, in 2004.

IP Group has formed long-term partnerships with ten universities - the University of Oxford, King's College London, CNAP/University of York, the University of Leeds, the University of Bristol, the University of Surrey, the University of Southampton, Queen Mary (University of London), the University of Bath and the University of Glasgow.

The Company's portfolio is diverse with exposure to five main sectors - Energy & Renewables, Healthcare & Life Sciences: Non-therapeutics, Healthcare & Life Sciences: Therapeutics, IT & Communications and Chemicals & Materials. To date, eleven portfolio companies have listed on the AIM market of the London Stock Exchange, one on PLUS Markets and there have been two trade sales.

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