OLEDWorks Completes Purchase of Key Philips Assets

Phillips Oledworks

OLEDWorks LLC, the leading U.S. OLED light engine and panel manufacturing company, has completed the acquisition of key OLED assets and relevant intellectual property from Royal Philips. Manufacturing will continue in the existing facility in Aachen, Germany.

OLED lighting offers integrators an affordable solid-state lighting solution that is extremely thin, lightweight, and of pure light quality. OLEDWorks offers the Lumiblade line of OLED lighting. Philips’ Lumiblade OLED group fostered a complementary entrepreneurial OLED lighting innovation with the FL300 series platform, the brightest panel on the market. The synergy between the two groups provides a foundation for aggressively expanding the product portfolio.

“We are confident this strategic acquisition will enable the continued development of OLEDWorks’ innovative technology to meet the unique needs of our customers,” says OLEDWorks Board Chairman, David DeJoy.

“With the change of ownership of our OLED components development and production business, Philips Lighting has completed another piece of its strategy to focus on lighting products, systems, and services,” says Mahesh Iyer, Philips CEO Business Group, LED. “We strongly believe that with this activity under the ownership of OLEDWorks LLC, they will continue to be a leading player in this emerging market and a highly valued supplier to Philips Lighting.”

 

 

Related Articles

Changing Scene

Design

  • Liteline: Splitsville in Hamilton, Ontario – Lighting Project Highlight

    Liteline: Splitsville in Hamilton, Ontario – Lighting Project Highlight

    At Splitsville in Hamilton, Ontario, PEGA is suspended across all 34 lanes, creating a cohesive lighting design throughout the space. Each fixture is paired with OnCloud, enabling independent control and wireless connectivity. OnCloud is a natural fit for this bowling alley. From daily operations to league nights, special events, and private parties, lighting scenes and… Read More…

  • CDm2 LIGHTWORKS: The Real Work of Value Engineering – A Collaborative Approach

    CDm2 LIGHTWORKS: The Real Work of Value Engineering – A Collaborative Approach

    It’s a situation most lighting designers have experienced: a project you spent months designing comes back with a request to review and accept a value engineering package. You’ve seen it time and time again, a package of substitutions with a carrot of cost savings and a deadline. There’s no true value engineering offered, only substitution… Read More…

New Products

  • BeLuce: HAZ-X Q – Hazardous Location LED High Bay

    BeLuce: HAZ-X Q – Hazardous Location LED High Bay

    The HAZ-X Q Series LED High Bay is UL 844 certified for Class I, Division 2, Class II, Division 1 & 2, Class III hazardous locations and is engineered for reliable performance in harsh industrial environments where moisture, dust, corrosion, and vibration may be present. Available in Q1 (20W to 100W) and Q2 (20W to 240W) configurations,… Read More…

  • ABB Emergi-Lite: ECPHR Series – Reach New Heights in Emergency Egress Lighting

    ABB Emergi-Lite: ECPHR Series – Reach New Heights in Emergency Egress Lighting

    The ECPHR Series is a steel egress luminaire designed to work seamlessly with Emergi-Lite mini-inverters, engineered to deliver enhanced performance in high-ceiling environments. Designed with patented LED technology and precision optics, it delivers focused, asymmetric illumination with exceptional uniformity – ensuring a clear path of egress while improving safety and reducing system cost. Read More…