Panasonic Electric Works and Idemitsu Kosan joint venture to produce OLED lighting panels

The new company Panasonic Idemitsu OLED Lighting Co. Ltd.will pursue the development of the OLED lighting market and make every effort to secure a solid position in the market. It will be headquartered in Osaka with a stated capital of JP¥ 1.5 billion, of which 51% of shares will belong to Panasonic Electric Works and 49% of shares will belong to Idemitsu.

PEW and Idemitsu have a history of joint participation in government commissioned/subsidized projects by the New Energy and Industrial Technology Development Organization (NEDO) since 2007 and have forged a strong partnership in the technological and product development of OLED lighting panels.

Visit Panasonic Electric Works at www.panasonic-electric-works.com

Visit Idemitsu Kosan at www.idemitsu.com