One of the largest makers of OLED displays in the world is Samsung Display. The company is bragging today that it has exceeded 300 million OLED panels produced. That number comes since the company began producing displays using the technology in January 2007.

Samsung offered some interesting facts to illustrate how many panels 300 million is. If you stacked all 300 million OLED panels the company has produced on top of one another, they would be more than 68 times the height of Mount Everest. The volume produce works out to over 470,000 panels a day.

Breaking the number down further, Samsung Display produced around 5.4 panels per second. Samsung Display says that they took 4 1/2 years to reach 100 million panels produced mark. With quick adoption of the technology, the next 100 million panels were produced in only seven months. Samsung Display has 98% of the OLED market in the displays are currently used in smartphones, tablets, and digital cameras.

[via Samsung]

LG, of course, denies any involvement in the theft of Samsung’s technology and claims that the information Samsung accuses it of stealing was already widely known, and therefore can’t be considered a trade secret. OLED looks like it’s going to be the next big thing in display technology, and with OLED TVs costing thousands upon thousands of dollars, it’s pretty easy to see why Samsung is being so protective of its information in this case.

Interestingly enough, Samsung doesn’t want any money, just a formal apology from LG Display. LG, on the other hand, is apparently planning to take Samsung to court for defamation.

Who is right and who is wrong here isn’t for us to decide, but it sure does make the day a whole lot more exciting. Samsung and LG are the world’s two largest flat-panel makers, and there isn’t any doubt that the two will be competing fiercely when it comes to making OLED technology the new industry standard for displays. LG could be in a mess of trouble if it turns out that Samsung’s charges are legitimate, so this will definitely be a story to watch in the coming days and weeks. Stay tuned.

[via Bloomberg]

Samsung Display plans to expand the company’s management efficiency and optimize beneficial effects of its LCD and OLED businesses. The company also plans to improve its competitive edge globally with a combination of its OLED production technology and precision large panel operations along with a seasoned supply chain previously used by Samsung Mobile Display and S-LCD.

The company has also announced its new corporate slogan “displays beyond imagination” and talked about its plans to leverage its technology to lead the future. There’s no indication of when we might see the first mobile devices using Samsung Display screens on the market.

Oh-hyun Kwon said, “Samsung Display is destined to attain virtually unlimited growth, through continuous efforts to combine our proven know-how in the display field with an overwhelming creative spirit.” He added, “Our combined strengths will guide Samsung’s display business through the next decade and longer, in turning the many synergistic benefits of the company into far-reaching, tangible results.”