Universal Display Awarded Contracts For OLEDs In Lighting

Aug. 13, 2002
Ewing, NJ, August 13, 2002 -- Universal Display Corporation, a developer of flat panel display technology, announced that the Company has been awarded two $100,000 Small Business Innovation Research (SBIR) contracts by the U.S. Department of Energy (DOE) to demonstrate the feasibility of using its proprietary, high-efficiency phosphorescent OLED (PHOLED) and flexible OLED (FOLED) technologies for general lighting applications.

Ewing, NJ, August 13, 2002 -- Universal Display Corporation, a developer of flat panel display technology, announced that the Company has been awarded two $100,000 Small Business Innovation Research (SBIR) contracts by the U.S. Department of Energy (DOE) to demonstrate the feasibility of using its proprietary, high-efficiency phosphorescent OLED (PHOLED) and flexible OLED (FOLED) technologies for general lighting applications.

Since general lighting is responsible for more than 20% of the U.S. energy consumption, new broadband white lighting sources are needed to offer significant improvements in power efficiency and color quality with less environmental impact than traditional incandescent and fluorescent lighting.

Based on proprietary technology developed for the flat panel display industry, Universal Display and its research partners, Princeton University and the University of Southern California, have identified several new approaches to generate highly-efficient white light that may also open up significant new opportunities in the general lighting industry.

In the DOE SBIR Program entitled "White Illumination Sources Using Striped Phosphorescent OLEDs," Universal Display and its partners will focus on demonstrating a broadband white light source built on a flexible plastic substrate that consists of a series of highly-efficient red, green and blue PHOLED stripes that combine to emit white light.

In the second DOE SBIR Program entitled "Monomer-Excimer Phosphorescent OLEDs for General Lighting," Universal Display and its partners will focus on demonstrating an innovative PHOLED structure that utilizes the combined monomer and excimer excited states to achieve high-quality, efficient white emission.

The Federal SBIR Program is designed to stimulate technological innovation in the small business sector and typically consists of three phases. During the first phase, the scientific, technical and commercial merit and feasibility of a novel idea are demonstrated. If successful, a subsequent Phase II Program may be awarded that is typically $500,000 to $750,000 over a 24-month period to pursue further research and the development of a well-defined prototype. In a final Phase III Program, the demonstrated prototype is developed into a viable product for sale in the military and/or private sector.

Universal Display Corporation is located in the Princeton Crossroads Corporate Center, Ewing, N.J., minutes away from its research partner at Princeton University. Its 21,000 sq. ft. facility includes a pilot production line, as well as technology development and technology transfer facilities. The state-of-the-art facility has been designed to further technology development, technology transfer to manufacturing partners and work with customers to develop products to meet their needs for electronic flat panel displays.

For more information, visit www.universaldisplay.com.

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