PPG Industries Inc.
) has been awarded for its "significant achievements" in organic
light-emitting diode (OLED) lighting technology at the 2013
Solid-State Lighting (SSL) R&D Workshop in Long Beach, Calif.
The award was presented by the U.S. Department of Energy (DOE).
PPG Industries was the only company recognized for its
achievements in OLED lighting at the workshop that assembled
nearly 300 researchers, manufacturers and industry insiders who
promoted the latest developments in SSL technology.
PPG Industries' new advances in the light-extraction technologies
emanated from a two-year project initiated with the DOE in 2010
to promote the commercialization and mass production of OLED
lighting. At the workshop, PPG Industries demonstrated a float
glass-based integrated substrate with scalable light-extraction
technologies and transparent conductive films for OLED lighting
PPG Industries' use of float glass-based integrated substrate is
more cost effective as it reduces energy consumption in the U.S.
and provides elevated performances over the conventional indium
tin oxide (ITO)-coated display-grade glass substrates. Moreover,
PPG Industries' light-extraction technologies are compatible with
the conventional float glass manufacturing process.
The OLED lights are preferred as it has the potential to emit
four times as much light per watt as incandescent bulbs.
Commercial use of these OLED lights will reduce energy
consumption in homes, buildings and workplaces worldwide.
PPG Industries released its fourth-quarter 2012 results on Jan
14. PPG Industries met the earnings expectation in the quarter
while continued momentum across automotive OEM and aerospace
markets helped it to post better-than-expected sales in the
PPG Industries sees mixed economic trends in 2013 with continued
strength in North America, improvements in Asia and sustained
weakness in Europe. PPG Industries has a diversified base of
products and markets, and looks to grow its businesses
strategically along with controlling costs. However, the European
market is expected to remain under pressure and currency
headwinds may continue to weigh on the company's results.
PPG Industries currently holds a short-term Zacks Rank #3
Other companies in the chemical industry worth considering are
Air Products & Chemicals Inc.
Akzo Nobel NV
Eastman Chemical Company
). All of them hold a Zacks Rank #2 (Buy).
AKZO NOBEL NV (AKZOY): Free Stock Analysis
AIR PRODS & CHE (APD): Free Stock Analysis
EASTMAN CHEM CO (EMN): Free Stock Analysis
PPG INDS INC (PPG): Free Stock Analysis
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