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Japan Display puts OLED panels at center of comeback plan

Cash-strapped manufacturer seeks foreign sponsor to help fund production

Japan Display, which has focused mainly on liquid crystal display panels, has been hit hard by the shift to organic light-emitting diode technology.

TOKYO -- Japan Display is counting on OLED panels to help it regain its financial footing, planning a big investment in the field with outside support as part of a drastic turnaround plan due out this coming spring.

The Japanese company intends to begin mass production as early as 2019 of small panels using organic light-emitting diodes for such applications as smartphones. While affiliate JOLED plans to start printing midsize and large OLED panels for industrial equipment and televisions around then, Japan Display will employ an improved version of the standard evaporation process. Using both methods will enable the group to meet a wider range of customer needs.

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