OSRAM announced that it has opened an OLED pilot production plant in Regensburg, Germany, with an initial investment of 20 million euros (about 28.9 million US dollars) and 220 employees. The German Federal Minister of Education and Research Annette Schavan said: "The completion of the OLED production plant in Regensburg proves that Germany is leading the introduction of this future technology." According to reports, OSRAM is the only European manufacturer of LEDs and OLEDs. A business. Osram's commitment to research and development (R&D) LEDs and OLEDs accounts for two-thirds of the company's expenses. In the past five years, the company has invested about 50 million euros (about 72.25 million US dollars) in the research and development of OLED products, the company's product portfolio includes OLED panels, modules and complete luminaires.
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Osram will produce transparent Oled panels in this pilot plant, hoping to double the brightness of OLEDs while increasing efficiency and further enhancing the durability of the panels. OSRAM has also been committed to the development of transparent OLED products of 1 square meter size. OSRAM expects to ultimately reduce OLED manufacturing costs by 90%. “Two years ago, we were the first company to produce serial OLED products. This innovative product is a major leap in the widespread use of OLEDs,†said OSG Chief Operating Officer Martin GoetzELer.