Konica Minolta and Universal Display Corporation Strengthen Collaboration in OLED Development.Next Phase to Focus on Konica Minolta's Commercialization of All-Phosphorescent 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. Backlights and Other Lighting Products TOKYO & EWING, N.J. -- Konica Minolta Technology Center, Inc. (Konica Minolta), a Konica Minolta Group's research and development company that leads the way in developing cutting-edge technologies in the field of imaging, 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) ), the company that's lighting the way in developing and commercializing OLED technology for flat panel displays 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 , lighting, electronic communications and other opto-electronics, today announced the strengthening of their collaboration to incorporate Universal Display's proprietary PHOLED PHOLED Phosphorescent Organic Light-Emitting Diode PHOLED Proprietary Electrophosphorescent Light Emitting Diode (Universal Display Corporation) [TM] 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 technology into Konica Minolta's white OLED devices. On June 30, 2006, Konica Minolta announced that it had successfully developed a white OLED with a power efficiency of 64 lumens per watt, which is four times the efficiency of standard incandescent in·can·des·cent adj. 1. Emitting visible light as a result of being heated. 2. Shining brilliantly; very bright. See Synonyms at bright. 3. bulbs. For this development, Universal Display's red and green PHOLED technology and materials have been used in conjunction with Konica Minolta's proprietary OLED technologies, such as its own blue phosphorescent materials and multi-layer design technologies. Konica Minolta is currently accelerating its efforts to enable commercial manufacturing of white OLED devices for backlights in displays and for other lighting applications. These OLED devices are anticipated to use all phosphorescent materials. Universal Display's proprietary PHOLED technology offers up to four times higher efficiency than conventional OLED technology - a feature that is very important for displays that range from battery-operated cell phones to large-area TVs, as well as for a variety of new white lighting products envisioned with the development of OLED technology. Over the past few years, Universal Display has announced a series of record-breaking performance milestones for its red, green and blue PHOLED systems. Universal Display's PHOLED materials, manufactured by PPG Industries PPG Industries (NYSE: PPG) was founded in 1883 as the Pittsburgh Plate Glass Company. PPG is an American manufacturer of glass and chemical products, including automotive safety glass. exclusively for Universal Display, are currently being evaluated and used in commercial production by a number of electronics manufacturers. Konica Minolta's business spans a wide range of imaging fields from input to output. With a view to up-coming ubiquitous society, Konica Minolta is aggressively developing such display materials and components as for OLEDs. Recently, Konica Minolta successfully developed its own highly efficient and long life blue phosphorescent materials based on its long experience in molecule design and precise synthesis technologies, which has been cultivated by development of silver-halide photosensitive A material that changes when exposed to light. See photoelectric. materials and dyes. Incorporating the blue phosphorescent materials, Konica Minolta developed a white OLED device having a unique organic layer structure with superb efficiency and low driving voltage by applying thin functional multi-layer design technology to control inter- and intra-layer interaction precisely. This multi-layer technology has also been nurtured by development of photosensitive materials. Furthermore, original light out-coupling technology for OLEDs has been realized by Konica Minolta's cutting-edge optical design technology acquired through development of cameras. "We are pleased with the successful collaboration with Universal Display in the development of white OLEDs. And we wish to further strengthen and continue our partnership with Universal Display in order to achieve our ultimate business goal," stated Masatoshi Matsuzaki, President of Konica Minolta Technology Center. "Our collaboration with Konica Minolta, one of the world's leading innovators in the imaging arena, has been very fruitful," stated 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. "We look forward to continuing to support Konica Minolta with state-of-the-art technology and materials as they approach the commercial introduction of white OLED products." To see how Universal Display is changing the face of the display industry, please visit the company at http://www.universaldisplay.com. For more information on the Konica Minolta Group, please visit http://konicaminolta.com About Konica Minolta Technology Center, Inc. As the Konica Minolta Group's research and development center, Konica Minolta Technology Center, Inc. supports the product development of the whole Group. With a view to the up-coming ubiquitous networking society, Konica Minolta is actively pursuing new technologies in the field of imaging that will lead to the creation of future businesses on the basis of its core technologies - materials, optical, nano-fabrication and imaging. Phosphorescent materials and technologies for OLED devices are notable development underway with potential for use in various applications. Konica Minolta's core technologies are being applied in the development of many other future display components and ubiquitous imaging equipment. About Universal Display Corporation Universal Display Corporation is a world leader in developing and commercializing innovative OLED technologies and materials for use in the electronic flat panel display, lighting, electronic communications, and other opto-electronic markets. Universal Display is working with a network of world-class companies and other organizations, including Princeton University Princeton University, at Princeton, N.J.; coeducational; chartered 1746, opened 1747, rechartered 1748, called the College of New Jersey until 1896. Schools and Research Facilities , 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 , the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. and PPG Industries. Universal Display is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display'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 products to meet their needs for OLED products. Visit Universal Display on the Web at www.universaldisplay.com. All statements in this document that are not historical, such as those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 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. 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 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, 2005. 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. |
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