AU Optronics and Universal Display Corporation to Demonstrate Improved Amorphous Silicon TFT OLED Performance Using UDC's High Efficiency Phosphorescent OLED Technology at SID Conference in May 2003.Business Editors/High-Tech Writers TAIPEI, Taiwan & EWING, N.J.--(BUSINESS WIRE)--May 8, 2003 Can Lead to Lower Costs and Market Expansion for OLED (Organic Light Emitting Device, Organic Light Emitting Diode) A thin film light-emitting technology that is expected to compete with LCD and plasma TVs as well as LCD monitors and readouts. displays AU Optronics Corp. (NYSE NYSE See: New York Stock Exchange :AUO AUO Au Optronics Corporation AUO Administratively Uncontrollable Overtime AUO Active User Object AUO Aggravated Unlicensed Operation (of a Motor Vehicle) AUO Area Utilization Officer AUO alt.usenet. ) and Universal Display Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PANL PANL Provincial Archives of Newfoundland and Labrador (Canada) ) announced today that AUO has fabricated a low-power consumption, full-color Active Matrix Organic Light Emitting Device (AMOLED AMOLED Active Matrix Organic Light Emitting Diode AMOLED Active Matrix Organic Led ) display combining its proprietary amorphous silicon (a-Si), thin film transistor (TFT (Thin Film Transistor) The term typically refers to active matrix screens on laptop computers. Active matrix LCD provides a sharper screen display and broader viewing angle than does passive matrix. See LCD and thin film. TFT - Thin Film transistor ) backplane technology with Universal Display's Phosphorescent phos·pho·res·cence n. 1. Persistent emission of light following exposure to and removal of incident radiation. 2. Emission of light without burning or by very slow burning without appreciable heat, as from the slow oxidation of OLED (PHOLED PHOLED Phosphorescent Organic Light-Emitting Diode PHOLED Proprietary Electrophosphorescent Light Emitting Diode (Universal Display Corporation) (TM)) technology. This display will be shown at UDC's booth (#440) at the Society for Information Display (SID) International Symposium in Baltimore, Maryland, from May 20-23. There will also be a presentation of a joint scientific paper describing the advance on Tuesday, the 20th. Today, a-Si TFT's are the dominant backplane technology for LCD's. It has been thought that less mature, but higher performance, poly-silicon TFT technology would be needed for OLEDs. AUO's announcement, in March 2002, of the world's first full-color AMOLED display using a-Si backplane technology opens the opportunity to use well-established a-Si manufacturing infrastructure and provide potentially significant cost savings and additional market opportunities. The SID demonstration shows that Universal Display's PHOLED technology can provide superior performance over conventional fluorescent OLED materials. In AUO's 4 inch diagonal, full-color a-Si TFT AMOLED display, UDC's proprietary red PHOLED material alone improved the display power efficiency by greater than 40% and provided notably better color purity. By incorporating green and blue PHOLED materials, the overall power efficiency can be further improved, as Universal Display's PHOLEDs have been demonstrated to provide for up to four times the efficiency of comparable fluorescent OLED devices. The lower PHOLED power consumption will reduce the battery requirements for mobile devices (i.e., provide extended battery life between charges or the opportunity to use a smaller battery) and extend the lifetime of the a-Si backplane. "The successful demonstration of the full color a-Si TFT AMOLED has opened up the possibility of using a-Si TFT as an OLED backplane in manufacturing AMOLEDs. Together with higher efficient OLED materials, like phosphorescent materials developed by Universal Display Corporation, the technology can be very competitive," said Po-Yen Lu, Executive Vice President of AU Optronics. "We are very excited to be working with AU Optronics, a world leading amorphous-silicon TFT-LCD TFT-LCD Thin Film Transistor - Liquid Crystal Display display manufacturer, to demonstrate the world's first AMOLED combining low-cost, amorphous-silicon backplane technology with our PHOLED technology," said Steven V. Abramson, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Universal Display Corporation. About AU Optronics AU Optronics Corp., headquartered at Hsinchu, Science-Based Industrial Park, Taiwan, is a world-leading manufacturer of TFT-LCD modules. The company offers a broad range of TFT-LCD products and related services to OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and manufacturers and brand companies. Currently AUO operates three 3.5-generation, one fourth-generation TFT- LCD fab and a fifth-generation TFT-LCD fab that commenced commercial production in March 2003. AUO also operates three module assembly facilities, and one R&D fab specializing in low temperature, poly-silicon TFTs and organic LEDs. In addition to manufacturing and assembly facilities in Taiwan, AUO has global operations in China, Japan, and the United States. The company markets its TFT-LCDs through four business units including Audio Video Displays Applications, TV Displays Applications, Desktop Display Applications and Mobile Displays Applications. The Company had net sales under ROC GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). of NT$75.5 billion (US$2.15 billion) in 2002. Website: http://www.auo.com. About Universal Display Corporation Universal Display Corporation is a world leader in developing and commercializing innovative Organic Light Emitting Device (OLED) technologies. It is collaborating with a network of world class organizations to penetrate the electronic flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time market, and its relationships include long-standing relationships for innovative OLED technology research with Princeton University and the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission ; a joint development and cross-licensing arrangement with DuPont Displays for solution-processible OLEDs; a joint development agreement with Sony Corporation for OLED television monitors; a joint development agreement with Samsung SDI focusing on portable OLED devices; a development and evaluation agreement with Toyota Industries Corporation relating to OLEDs for white light sources; development and supply agreements with PPG Industries, Inc. of Pittsburgh, PA for the commercialization and production of proprietary high efficiency OLED materials; and a partnership with AIXTRON AG of Aachen, Germany for the development and production of next-generation OLED production equipment using Universal Display Corporation's proprietary organic vapor phase deposition (OVPD OVPD Overpaid OVPD Organic Vapor Phase Deposition OVPD Oro Valley Police Department (Oro Valley, AZ) ) technology. Universal Display Corporation currently has over 450 issued and pending patents worldwide. These include approximately 200 patents from its strategic research partnerships with Princeton University and the University of Southern California. Universal Display Corporation is located in the Princeton Crossroads Corporate Center in Ewing, NJ, minutes away from its research partner at Princeton University. Its 21,000 sq. ft. facility includes an OLED pilot production line, as well as OLED 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 to work with customers to develop products to meet their needs for flat panel displays. Visit Universal Display Corporation on the Web at http://www.universaldisplay.com All statements in this document that are not historical, such as financial or product forecasts and market growth predictions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Often, though not always, these statements are accompanied by the words "estimate," "project," "believe," "anticipate," "intend," "expect" and similar expressions. 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 include, but are not limited to, the following: the feasibility and market acceptance of OLEDs for use in commercial product applications; the success of Universal Display Corporation and its research and development partners in accomplishing advances in OLED technologies, including Universal Display Corporation's TOLED TOLED Transparent Organic Light Emitting Diode , FOLED FOLED Flexible Organic Light-Emitting Display FOLED Flexible Organic Led , PHOLED, P2OLED and Organic Vapor Phase Deposition (OVPD) technologies; the ability of Universal Display Corporation to enter into licensing and other strategic alliances with manufacturers of OLEDs and OLED-containing products; Universal Display Corporation's ability to obtain patent protection for its OLED technologies and to assert these patents against others; and future developments and advances by Universal Display Corporation's competitors in OLED and other display technologies. These and other 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 "Factors that May Affect Future Results and Financial Condition" in Universal Display Corporation's annual report on Form 10-K for the year ended December 31, 2002. Universal Display Corporation expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this document to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events. |
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