Sharp Corp. today has announced the development of advanced LCD panels that will feature sharper moving images on portable devices such as mobile phones, pitting it against organic light-emitting diode (OLED) displays.The new panels have a response speed three times as fast as its conventional panels and the world's highest contrast ratio for 2-inch LCDs used in mobile devices. Digital broadcasting targeted at mobile devices is catching on and more digital camera makers are putting a camcorder function in their products, boosting demand for small-sized panels capable of giving finer images.The Osaka-based company plans to make a sample shipment of the new liquid crystal display (LCD) panels by the end of the year for cellphones and aims for 100 billion yen ($836 million) in sales from the new products in the year ending March 2009.