Company to explore a novel light outcoupling enhancement technique
to improve external quantum efficiency
EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (NASDAQ:PANL), an innovator behind today’s
and tomorrow’s displays and lighting through
its UniversalPHOLED™ phosphorescent OLED
technology, today announced that it has been awarded a $99,919 Small
Business Innovation Research (SBIR) Phase I grant from the U.S.
Department of Energy (DOE) under the Department’s
Solid State Lighting program.
“A tremendous
opportunity exists for white OLED lighting products, based on their
potential energy efficiency and environmental advantages as compared to
existing lighting products. Through programs such as this one, we look
forward to demonstrating further progress toward the DOE’s
commercial targets for solid-state white OLED lighting.”
The program, titled ‘Enhanced Light
Outcoupling in WOLEDs’, will focus on
demonstrating a novel technique to improve the optical outcoupling
efficiency of a white OLED. Through the use of this novel technique,
Universal Display intends to double the outcoupling efficiency,
resulting in an external quantum efficiency of about 50%.
Using the Company’s high-efficiency
UniversalPHOLED™ technology, white OLEDs can
achieve up to a 100% internal quantum efficiency - meaning that all of
the electrical energy can be converted into light. Typically, only 20%
of that light is directed through the front surface as useful light;
however, an external component is often added to OLED panels to collect
and emit more light. By comparison, the novel approach proposed for this
project involves integrating an outcoupling enhancement directly within
the layers of the OLED device. This approach has the potential to double
the light output, while preserving the OLED’s
thin form factor, and may also be significantly more cost effective to
manufacture. Such improvements are important for white OLEDs to achieve
the DOE’s targets of 150 lumens per watt
(lm/W) with a cost of less than $50/Kilolumen.
“We are pleased to continue our work on
energy-efficient white OLED lighting for the U.S. Department of Energy.
With their support, we have recently achieved a number of key technical
milestones, including the demonstration of a research lighting panel
with 102 lumens per watt,” said Steven V.
Abramson, Universal Display’s Chief Executive
Officer and President. “A tremendous
opportunity exists for white OLED lighting products, based on their
potential energy efficiency and environmental advantages as compared to
existing lighting products. Through programs such as this one, we look
forward to demonstrating further progress toward the DOE’s
commercial targets for solid-state white OLED lighting.”
Power-efficient white OLEDs may reduce energy consumption dramatically
in a myriad of lighting applications. They may also lower the amount of
by-product heat generated by lighting devices, further reducing energy
and environmental burdens. White OLEDs are also environmentally benign,
when compared to mercury-containing fluorescent lamps and newer compact
fluorescent lamps (CFLs). Combining these important ‘green’
features with a very thin, lightweight and durable form factor, white
OLEDs offer significant new lighting design opportunities.
To see how Universal Display Corporation is changing the face of the
display and lighting industries, please visit the Company at www.universaldisplay.com.
About Universal Display Corporation
Universal Display Corporation is a world leader in developing and
commercializing innovative OLED technologies and materials for use in
flat panel displays, solid-state lighting products, electronic
communications and other opto-electronic devices. Universal Display is
working with a network of world-class organizations, including Princeton
University, the University of Southern California, the University of
Michigan, and PPG Industries, Inc. Universal Display has also
established numerous commercial relationships with companies such as Chi
Mei EL Corporation, DuPont Displays, Inc., Konica Minolta Technology
Center, Inc., LG Display Co., Ltd., Samsung SDI Co., Seiko Epson
Corporation, Sony Corporation, Tohoku Pioneer Corporation and Toyota
Industries Corporation. Universal Display currently owns or has
exclusive, co-exclusive or sole license rights with respect to more than
850 issued and pending patents worldwide.
Universal Display is located in the Princeton Crossroads Corporate
Center in Ewing, New Jersey. Universal Display’s
state-of-the-art facility is designed to further technology and
materials development, technology transfer to manufacturing partners and
work with customers to develop OLED products that meet their needs.
Visit Universal Display on the Web at www.universaldisplay.com.
All statements in this document that are not historical, such as
those relating to Universal Display Corporation’s
technologies and potential applications of those technologies, are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. You are cautioned not to place undue
reliance on any forward-looking statements in this document, as they
reflect Universal Display Corporation’s
current views with respect to future events and are subject to risks and
uncertainties that could cause actual results to differ materially from
those contemplated. These risks and uncertainties are discussed in
greater detail in Universal Display Corporation’s
periodic reports on Form 10-K and Form 10-Q filed with the Securities
and Exchange Commission, including, in particular, the section entitled “Risk
Factors” in Universal Display Corporation’s
annual report on Form 10-K for the year ended December 31, 2007.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.
Contacts
Universal Display Corporation
Dean Ledger, 800-599-4426
or
Gregory
FCA Communications
Investor contact:
Paul Johnson,
610-228-2113
paul@gregoryfca.com
or
Media
contact:
Matt McLoughlin, 610-228-2123
matt@gregoryfca.com