Philips Plans to Spin-off OLED Lighting Business

News Source：

Dutch lighting conglomerate Philips has announced plans of spinning off its OLED business, according to a report by OLED-info.

The company is seeking for a buyer of its OLED business. After the spin-off Philips Lighting will be focused on smart LED systems and services.

Philips has been a leader in the OLED lighting industry for years, and sources at Philips believe the spin-off will be a positive development for the technology.

The company has projected on numerous occasions that OLED lighting will enter the mass market by late 2016 or early 2017. However, in the current stage the company’s OLED business needs more funds to expand production capacity, which is probably only achievable if a right buyer emerges.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.