September 21, 2014: LG Chem has succeeded in developing OLED lighting that has a light efficiency and duration almost equivalent to LED lighting. The company announced that it will officially start to target the lighting market.
LG Chem announced that the development of OLED lights with 100 lumens per watt was completed for the first time in the world, and products will begin to be sold in November. Light efficiency measures how much energy is transformed directly into light, as opposed to how much is lost to heat or inefficiency.
These new OLED lighting panels have the best light efficiency ever recorded (for OLEDs) of 100lm/W and can last more than 40,000 hours. LG Chem completely solved the weaknesses of existing OLED lighting, light efficiency, and duration. Now OLED lighting is competitive with fluorescent lights (100 lm/W, 20,000 hours) and LEDs (over 100lm/W, 50,000 hours).
The average efficiency of OLED lighting on the market now is around 60 lm/W. LG Chem has enhanced its technological leadership in the world?s OLED lighting market by developing an 80 lm/W product last year and, now, 100 lm/W.