Mitsubishi affiliate to ramp OLED mass production in 2011

Lumiotec, an affiliate of Mitsubishi  will be the first to mass produce organic light emitting diode (OLED) panels at the turn of the year.

In January it will begin mass production and plans to produce 60,000 of the panels for the year. The factory used will be the Yonezawa, Yamagata Prefecture in Japan. It will make five different flavours of OLED panels in two colours, white and yellow, according to Nikkei (subscription).

Lumiotec is majority owned by Mitsubishi, at 51 percent, and was set up in 2008 to test the water with selling just OLED panels. It wants to promote OLED in commercial settings as designer lighting.

The 145mm square panel will go on sale for 30,000 yen, pre-tax, which is roughly $365. It’s pricey but it has been slashed in half since samples started shipping earlier this year. If the business goes well Lumiotec may become a fully-fledged firm rather than a development company – we’ll see in 2011.