OLED vs. IPS panels: What's the difference?

If you're looking to buy a new monitor, you may be confused between IPS LCD and OLED panels. Here are all the major differences between them.
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LCD controller board runs many panel types

The ALR-1400 TFT LCD panel interface controller provides PC, DVI, and Video interfaces in an easy-to-use plug-and-play 4.2 x 3.6-in. board. It is preloaded with a wide range of panel timings ...