P&H Tech signs deal with Dupont for OLED materials

What They Say

The Elec reports that P&H Tech of Korea has signed a deal with Dupont to supply ‘longer life’ blue materials. Earlier this year, P&H said it planned to boost its capacity and joined Kosdaq in February this year to raise money. The Elec previously reported that Dupont represented over 40% of the firm’s output.

What We Think

Dupont’s OLED business is still relatively small, although the firm has been working on the materials and technologies for more than two decades. It had big plans and had an office in Munich for the OLED business at one time. Our friends at DSCC put the firm’s revenues in OLEDs at around $35 million last year and that was just 3% of the market. Around the time of the IPO, P&H said that it was aiming at $17.5 million sales in 2021, up a long way from 2020. (BR)

PH OLED