OLED = organic light-emitting diode. It's an amazing new technology that will enable extremely thin TV's with a contrast ratio that is about 100 times better than the best consumer LCD's or Plasma's on the market today.
They use less power to run, and are way brighter too. A few issues remain to get this technology to the mainstream, but it's quite clear looking at the facts here this OLED would be a game changer if released in actual production products, being that it's also easier, more efficient and cheaper to manufacture.
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