Companies showcase prototype advances, including brighter colors, improved color saturation and color gamut, and one-sided electrical interconnection for enhanced flexibility
EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (NASDAQ:PANL), an innovator behind today
and tomorrow’s displays and lighting through
its Universal PHOLED™ phosphorescent OLED
technology, and LG Display (NYSE:LPL, KRX:034220), a leading innovator
of thin film transistor liquid crystal display (TFT-LCD), announced
today the joint development of a flexible, full-color, active-matrix
OLED (AMOLED) display prototype. Built on thin metallic foil, these
prototypes are being showcased at each company’s
booth during the 2008 Society for Information Display Conference and
Symposium at the Los Angeles Convention Center in Los Angeles, CA. LG
Display (LGD) is located at Booth #519 and Universal Display is located
at Booth #260.
“Great teamwork between two
companies has yielded consistent quality upgrades of flexible AMOLED in
a short period and we expect more technological achievements in the
future for realizing its full potential in real world applications.”
The four-inch diagonal, QVGA full-color AMOLED display prototype
combines LGD’s amorphous-Silicon backplane
technologies with Universal Display’s OLED
frontplane technologies, including its high-efficiency Universal PHOLED™
and transparent compound-cathode TOLED®
technologies. Building on the foundation of the jointly-developed
prototype shown at last year’s SID Exhibition,
this new demonstrator offers enhanced brightness, improved color
saturation, broader color gamut and a one-sided electrical
interconnection, making it the most advanced flexible OLED display built
on metallic foil using a-Si backplane technology to date.
“Continuous collaborative efforts by UDC and
LGD have resulted in another big step forward in flexible AMOLED,”
said In Jae Chung, Executive Vice President and Chief Technology Officer
of LG Display. “Great teamwork between two
companies has yielded consistent quality upgrades of flexible AMOLED in
a short period and we expect more technological achievements in the
future for realizing its full potential in real world applications.”
“LG Display has been an excellent partner in
advancing flexible AMOLEDs toward commercial practicability, and our
success has been driven by strong, collaborative team work,”
said Steven V. Abramson, President and Chief Executive Officer of
Universal Display. “In just over a year, our
collaboration with LGD has yielded significant gains in the design and
functionality of flexible OLED displays. As we continue to work with
LGD, we anticipate that our joint development will drive continued
progress in flexible OLED technologies for military and commercial
applications.”
The development of this prototype has been, in part, supported by the
U.S. Department of Defense through the Battle Command Interface Branch
of the U.S. Army Communication Electronics Research and Development
Engineering Center (CERDEC). This work also complements flexible display
development ongoing at the U.S. Army’s
Flexible Display Center at Arizona State University, of which Universal
Display is a founding member and LGD recently joined as an Associate
member.
Flexible OLED displays are widely considered to be an important future
display technology with prospective use in numerous commercial and
military applications, including portable electronics, such as a
wrist-mounted PDA or a roll-out display in a wireless communications
device.
About LG Display
LG Display Co., Ltd [NYSE:LPL, KRX:034220]
is a leading manufacturer and supplier of thin-film transistor liquid
crystal display (TFT-LCD) panels, OLEDs and flexible displays. The
company provides TFT-LCD panels in a wide range of sizes and
specifications for use in TVs, monitors, notebook PCs, and various
applications. LG Display currently operates seven fabrication facilities
and five back-end assembly facilities in Korea, China and Poland. The
company has a total of 22,000 employees operating in ten countries
around the world. Please visit www.lgdisplay.com
for more information.
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 currently owns or
has exclusive, co-exclusive or sole license rights with respect to more
than 825 issued and pending patents worldwide.
Universal Display is located in the Princeton Crossroads Corporate
Center in Ewing, New Jersey, minutes away from its research partner at
Princeton University. 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