Novaled AG, a world leader in OLED technology and materials, has reported financial results for the year ended December 31, 2010.

The company has achieved total revenues of EUR 11,173,784 (USD 14,806,900), which represents an increase of 37% compared to the year 2009. Revenues from sales of material to customers and from licensing Novaleds PIN OLED® technology increased by 202 % to EUR 6,121,836 (USD 8,112,350). This increase is mainly due to substantially increased sales of material for the production of one Novaled customer. Development revenues from customer projects increased by 5 % to EUR 1,903,133 (USD 2,521,940) (Reported in oled-display.net)