Company to demonstrate advances in making larger-area and higher brightness panels to accelerate commercialization of solid-state white OLED lighting
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 received two $750,000 United
States Department of Energy (DOE) Small Business Innovation Research
(SBIR) Phase II contracts. Work under these contracts will focus on
demonstrating further advances in the performance of Universal Display’s
white OLED technology toward meeting the DOE’s
targets for solid-state lighting.
“We are pleased to continue our work with the
United States Department of Energy. These two new programs focus on
areas that will help us demonstrate the full potential of white OLED
lighting”
“We are pleased to continue our work with the
United States Department of Energy. These two new programs focus on
areas that will help us demonstrate the full potential of white OLED
lighting,” stated Steven V. Abramson,
President and Chief Executive Officer of Universal Display Corporation. “In
the first program, we will work on issues associated with increasing the
size of white OLED panels, while the second program will demonstrate
enhanced device performance through the use of our award-winning SOLEDTM
stacked OLED technology. Together, these programs should help accelerate
the commercialization of white OLED technology for general lighting.”
Using the Company’s high-efficiency
UniversalPHOLED technology, Universal Display will build a 6”
x 6” white OLED lighting panel with targets
of > 75 lm/W and an operating lifetime of
over 35,000 hrs at 1,000 cd/m2 initial
luminance. Based on results previously obtained on much smaller test
pixels, this work will focus on a number of scale-up issues associated
with the performance of a panel as a function of its size.
Under the second contract, Universal Display will demonstrate a high
brightness white OLED based on the Company’s
SOLED technology, where one OLED device is directly stacked on top of
another OLED. A white OLED will be designed to demonstrate the same
efficiency and lifetime as above at approximately twice the initial
luminance. This is especially important for applications where a high
brightness illumination source is desired.
Universal Display’s UniversalPHOLED
technology, offering up to four times the luminous efficiency of
conventional OLED technology, has become recognized as an essential
element in the development of energy-efficient white OLED lighting.
Using this technology, Universal Display has reported landmark research
results over the past six months, including a 102 lumen per Watt device,
which demonstrates significant progress towards the goals of the DOE’s
Solid State Lighting Initiative.
White OLED lighting has the potential to reduce energy consumption
dramatically in a broad range of lighting applications. 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 also offer exciting 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