Lee said that while OLED panels will appear in smartphones and might see some adoption in TVs, the technology is unlikely to replace TFT-LCD panels and therefore makers of light guide plates for LCD panels will not see major impacts.
He said that the production cost for OLED panels is relatively high due to low yield rates, and OLED TVs will take less than 10 per cent of global demand for TVs.
GLT has developed light guide plates for use in smart wearable devices' displays, automotive displays and lighting products, Lee said and these will head towards smart wearable devices, Fitbit, Tom Tom and Garmin.
Business is doing reasonably well. Lee told Digitimes that GLT is constructing a factory with total floor space of 37,628 square meters on a site of 5.14 hectares in central Taiwan and production will begin in third-quarter 2016. The factory can house 10 production lines, with five to come into operation initially.
The company posted consolidated revenues of US$40.5 million with a gross margin of 26.73 per cent. Lee said that OLED is not likely to dent any of that.