Universal Display Receives OLED Grant

EWING, N.J., Oct. 9 -- Universal Display Corp., a developer of organic light-emitting diode (OLED) technologies for flat panel displays, lighting and other optoelectronic applications, announced today it has received an award for $750,000 from the US Department of Energy (DOE).

Universal Display and its research partners at Princeton University and the University of Southern California will develop and demonstrate a 6- by 6-inch white lighting source using two proprietary white light generation techniques based on their high-efficiency phosphorescent organic light-emitting device (PHOLED) technology. With general lighting being responsible for more than 20 percent of US energy consumption, new broadband white lighting sources with better power efficiency and less environmental impact than traditional incandescent and fluorescent lighting sources are of great interest to the DOE, Universal Display said.

This Phase II award follows two $100,000 Phase I DOE Small Business Innovation Research (SBIR) contracts to Universal Display for the demonstration of innovative light extraction and voltage lowering techniques to improve OLED power efficiencies.

Steven V. Abramson, president and COO of Universal Display, said, "We are very pleased that the Department of Energy is continuing to support Universal Display's development of revolutionary, energy-efficient lighting technology in this Phase II Program. The solid-state lighting industry represents a significant additional market opportunity for the company's PHOLED technology in the growing field of organic electronics."

For more information, visit: www.universaldisplay.com