Looks like Universal Display isn't the only firm out there spending some hard earned time and money researching OLED technology. The European CombOLED consortium is scheduled to run until the dawn of 2011, after which it darn well better have made good use of the $10.9 million that it has been allotted. The project is being headed up by OSRAM Opto Semiconductors, and the primary goal is to "combine new device structures, advantageous manufacturing approaches and less complex materials with the aim to achieve cost-effective OLED-based lighting." We couldn't tell you what that means for mainstream consumers hankering for an OLED HDTV, but it sure sounds promising.

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CombOLED consortium aims to advance OLED manufacturing