Universal Display’s Energy Efficient and Environmentally Friendly
Phosphorescent OLED (PHOLED) Technology Offers Manufacturers a ‘Green’
Technology to Incorporate into Display and Lighting Products
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 is exhibiting the environmental,
energy efficient and “green” benefits of its OLED technology at Pepcom’s
EcoFocus/New York, to be held from 6:00 to 9:00 PM ET at the
Metropolitan Pavilion in New York City. The company will be exhibiting
at EcoFocus as a member of the OLED Association. Launched in 2009,
EcoFocus/New York features “a wide range of green products, services and
initiatives from some of the industry’s most influential and innovative
companies.”
“Energy efficiency and eco-friendliness are at the core of our
proprietary PHOLED technology”
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During the event, Universal Display’s Vice President of Technology
Commercialization, Janice Mahon, will showcase display and lighting
product prototypes, and share technical information and advances that
illustrate the inherent energy efficiency, smaller carbon footprint and
environmental benefits of the company’s PHOLED technology and materials
for displays and lighting.
Among the product prototypes will be Universal Display’s wrist-worn,
flexible PHOLED display, developed jointly with LG Display and L-3
Communications for the U.S. Department of Defense. In addition, the
company will showcase a scaled white PHOLED lighting atrium, transparent
PHOLED pixels, and commercial products that currently use Universal
Display’s PHOLED technology.
“Energy efficiency and eco-friendliness are at the core of our
proprietary PHOLED technology,” said Steven V. Abramson, President and
Chief Executive Officer of Universal Display. “Lighting and display
manufacturers are facing a growing demand for green products that are
not only better for the environment, but also offer energy cost savings
for consumers and businesses. While solutions like compact fluorescent
lamps (CFLs) are helping to decrease energy demand, the presence of
mercury and the related disposal issues for these products create
offsetting environmental disadvantages.”
“In reality, manufacturers are calling for a technology that is green
throughout the product lifecycle. Our PHOLED technology meets this need
and has the potential to be at the core of next generation products and
devices for displays and lighting,” Mr. Abramson concluded.
Over the past two years, Universal Display has reported consistent
progress in the efficiency and lifetime of its PHOLED technology and
materials. Earlier this month, the company presented recent advances in
the efficiency, color and lifetime of white PHOLED devices for lighting
applications. The company’s research and development efforts have
accelerated PHOLED technology closer to meeting the U.S. Department of
Energy’s solid-state lighting targets, as well as the requirements of
Energy Star, a joint specification between DOE and U.S. Environmental
Protection Agency.
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
940 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, 2008.
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