ABB vs OLED

ABB Ltd

ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions for integrating and automating lighting, heating, ventilation, security, and data communication networks. The company's Robotics & Discrete Automation segments provides industrial robots, software, robotic solutions and systems, field services, spare parts, and digital services. This segment also offers solutions based on its programmable logic controllers, industrial PCs, servo motion, transport systems, and machine vision. Its Industrial Automation segment develops and sells industry-specific, integrated automation, and electrification systems and solutions, as well as digital solutions, lifecycle services, and artificial intelligence applications for the process and hybrid industries. This segment also offers process and discrete control technologies, advanced process control software and manufacturing execution systems, sensing, measurement, analytical instrumentation, electric ship propulsion systems, and large turbochargers, as well as remote monitoring, preventive maintenance, asset performance management, and cybersecurity services. The company's Motion segment manufactures and sells drives, motors, generators, traction converters, and mechanical power transmission products. ABB Ltd has a strategic collaboration with IBM. ABB Ltd was founded in 1883 and is headquartered in Zurich, Switzerland.

Universal Display Corporation

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. As of February 18, 2021, it owned, exclusively licenses, or had sole rights to sublicense approximately 5,000 issued and pending patents worldwide. The company licenses and supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; OVJP, an organic vapor jet printing technology; thin-film encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; and UniversalP2OLED, which are printable phosphorescent OLEDs. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products. Further, it provides contract research services in the areas of chemical materials synthesis research, development, and commercialization for non-OLED applications. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.