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These come from Universal Display's (PANL) website.


An OLED is an electronic device made by placing a series of organic thin films between two conductors. When the current is applied, a bright light is emitted. OLEDs are lightweight, durable, power efficient and ideal for portable applications. OLEDs have fewer process steps and also use both fewer and lower-cost materials than LCD displays. Universal Display believes that OLEDs will replace the current technology and have the following performance advantages over LCDs: greater brightness, faster response time for full motion video, fuller viewing angles, lighter weight, greater environmental durability, more power efficiency and broader operating temperature ranges.
http://www.universaldisplay.com/press.shtml?000229

This page highlights numerous advantages of the technology over LCDS (assuming they can perfect them).
http://www.universaldisplay.com/press.shtml?000229

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