Company Working with LG Display and L-3 Display Systems towards a
Wrist-Mounted Communications Device with an Integrated Flexible OLED
Display
A wrist-mounted flexible OLED display prototype that was designed by Universal Display Corporation and its partners, LG Display and L-3 Display Systems. Several of these
devices were delivered to the U.S. Army for testing and evaluation under Universal Display's original Phase III U.S. Army SBIR contract. The newly announced contract extension will focus on further developing the technology to deliver enhanced performance. In addition to this military application, the technology has far reaching potential for a myriad of military and commercial uses. (Photo: Business Wire)
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 a
$1,089,600 extension to a United States Army Communication Electronics
Research and Development Engineering Center (CERDEC) Small Business
Innovation Research (SBIR) Phase III contract. Under the extension,
Universal Display will continue its development of flexible OLED display
technology for use in military applications.
“It is very important for the industries, in terms of creating new
market, to constantly explore new potential in emerging technology such
as flexible OLED technology”
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The 15-month program extension will focus on the continued development
and delivery of a wrist-mounted communications device prototype that
contains a flexible, active-matrix OLED (AMOLED) display built on
metallic foil. The AMOLED display will use an amorphous-Silicon (a-Si)
TFT backplane developed and fabricated by LG Display (NYSE:LPL,
KRX:034220), a leading manufacturer of thin-film transistor liquid
crystal displays (TFT-LCDs) and active-matrix OLEDs. It will also
incorporate advances in Universal Display’s high-efficiency
UniversalPHOLED technology, as well as the Company’s transparent cathode
technology for top emission.
The flexible AMOLED display will be shaped to fit into a housing that
can be worn on the wrist, enabling the wearer to see real-time video and
graphics information. Designed and built by L-3 Display Systems, a
leading supplier of ruggedized display systems for military uses and a
long-standing partner of Universal Display under this program, the
housing for this prototype device will contain a number of advanced
communications components. Intended for use by soldiers in the field,
this wrist-mounted product concept also has numerous potential consumer
product applications.
“Having made great strides in the development of flexible OLED display
technology, we are pleased to continue our work to demonstrate the
readiness of this technology for military and commercial applications,”
said Steven V. Abramson, President and Chief Executive Officer of
Universal Display. “Through our collaborative efforts with LG Display, a
world-leading display manufacturer, and L-3 Display Systems, a leading
display systems integrator for the U.S. Department of Defense, our
exciting flexible OLED technology is well-positioned for insertion into
both military and consumer product opportunities, such as this
wrist-mounted communications device.”
“It is very important for the industries, in terms of creating new
market, to constantly explore new potential in emerging technology such
as flexible OLED technology,” said In Jae Chung, Executive Vice
President and Chief Technology Officer of LG Display. “Our collaborative
efforts with Universal Display and L-3 Display Systems have shown not
only that potential is immense but that flexible OLED technology is
progressively finding its path to military and commercial applications.”
“We are pleased to have this expanded opportunity to work with our
long-standing partner, Universal Display, through this exciting new
phase of our U.S. Army CERDEC program. This program will continue to
lead to significant advances using state-of-the art flexible OLED
display technology, and the integration of that display technology with
our advanced communications technology could result in a ground-breaking
military communications device,” said Robert McGill, president of L-3
Displays Group. “The advantages offered by this team’s flexible OLED
display technology create many opportunities for novel designs of
portable electronic devices like this one for the U.S. Army and U.S. Air
Force.”
In this continuation program, the team will specifically focus on
demonstrating advances in display performance, including higher display
brightness and enhanced reliability, as well as improved product design
(i.e., a thinner, lighter weight and more compact system housing).
Prototypes will be delivered for evaluation by military personnel for
use in the field.
To see how Universal Display is changing the face of the display and
lighting industries, please visit the Company at www.universaldisplay.com.
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 L-3 Display Systems
L-3 Display Systems, located in Alpharetta, Ga., specializes in the
design, development and manufacture of ruggedized display and processing
systems for the world’s most advanced applications. L-3 Display Systems
offers a wide variety of displays and processors to meet a host of
system architectures for airborne, shipboard and ground-based
applications.
To learn more about L-3 Display Systems, please visit the company’s Web
site at www.L-3Com.com/Displays.
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 850 issued and pending patents worldwide.
Universal Display is located in the Princeton Crossroads Corporate
Center in Ewing, New Jersey. The Company’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