Printer Friendly
The Free Library
23,421,980 articles and books


Universal Display Corp. and Princeton University's POEM Center Announces Full-Color Organic Display Technology Advances for Televisions and Computers -- A $30 Billion Worldwide Market.

BALA CYNWYD, Pa.--(BUSINESS WIRE)--July 2, 1997--Universal Display Corp. (NASDAQ:PANL) and Princeton's Center for Photonics and Optoelectronic Materials (POEM) announced the current issue of Science magazine, dated June 27, 1997, reports a team of scientists at Princeton University and the University of Southern California (USC) has developed an independently controlled, tunable, three-color organic light-emitting device, which is expected to permit such applications as high-definition televisions (HDTV) with flat displays that hang on a wall like a painting and laptop computers with bright displays that consume considerably less energy.

Universal Display Corp. is the exclusive licensee of this organic light-emitting diode (OLED) technology.

"The new technology uses a vertical stacked pixel architecture that allows for independent tuning of color, grayscale, and intensity. Each color element -- the primary colors red, blue and green -- can be continuously and independently varied allowing the device to emit any mixture of the constituent colors.

"By contrast, the standard cathode-ray tube currently used in televisions and computer screens requires pixels comprising side-by-side red, green, blue phosphors; the eye achieves color by fusing the primary shades.

"The stacked design should allow for the creation of bright displays with more intense true color and higher resolution than possible with the traditional side-by-side phosphors," said the authors in the Science article.

"The real achievement here is a manipulation of materials that only appears possible with organics," said Dr. Stephen Forrest, who is the James S. McDonnel Distinguished University Professor of Electrical Engineering at Princeton.

"Organics do not have to be crystalline to be deposited on a substrate. This fact allows extraordinarily thin layering and enables us to capture their transparency to radiation." It is this transparency property of organic materials that enabled Princeton to develop a highly transparent OLED (TOLED) as a cornerstone for the development of this vertically -- stacked OLED (SOLED) architecture.

"The display market is currently estimated at $30 billion annually worldwide, comprised mostly of cathode ray tube and liquid crystal display (LCD) technologies. Organic Light Emitting Diodes (OLEDs) are seen as a future replacement technology for LCDs, due to their brightness, energy efficiency and cost effectiveness.

"While additional development and commercialization efforts are required before this technology is available to be used in products, this demonstration is a significant step forward," Steven V. Abramson, president and chief operating officer of Universal Display Corp.

Universal Display Corp., a development stage company, is engaged in the research, development and commercialization of this revolutionary, proprietary, organic light emitting diode technology for flat panel displays, lasers and other applications.

More than 30 patent applications are pending by its research partners, Princeton University and the University of Southern California.

Universal Display Corp. is the exclusive licensee of these patent portfolios.

Universal Display is also part of a team that recently received a $3 million award from U.S. Department of Defense Advanced Research Projects Agency (DARPA) for the continued development of ultra-lightweight, full-color OLED flat panel display technology.

The company recently announced an organic laser breakthrough that may lead to significant opportunities for the $2 billion semiconductor laser diode market.

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the company notes that statements in this press release and elsewhere that look forward in time, which include everything other than historical information, involve risks and uncertainties that may cause actual results to differ materially from those indicated by the forward-looking statements.

Factors that could cause the company's actual results to differ materially from those indicated in this press release include, among others, its ability to achieve further technology breakthroughs necessary to produce commercially viable devices and other factors discussed in the company's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended Dec. 31, 1996 and subsequent quarterly reports on Form 10-Q.

CONTACT: Universal Display Corp.

Dean Ledger, executive vice president, 800/599-4426

fax: 610/617-4017

or

Princeton University's Center for Photonics and

Optoelectronic Materials

Joseph Montemarano, director of industrial liaison

609/258-2267, fax: 609/258-1954
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 2, 1997
Words:670
Previous Article:Ericsson wins $110 million GSM 900/1800 network expansion contract in China.
Next Article:Tele Danmark Expands in Germany.
Topics:



Related Articles
Universal Display Corporation and Princeton University Win $100,000 Award from New Jersey Commission on Science and Technology.
Universal Display Corporation Announces First Quarter Results.
Universal Display Corporation Named One of New Jersey's Finest Businesses for 2005 Based on Revenue Growth.
Universal Display Announces Advances in Blue Phosphorescent OLED Technology at 8th Annual Needham & Company Growth Conference.
Universal Display Corporation Awarded New SBIR Phase I Contract from the U.S. Army Research Laboratories for Flexible OLED Displays.
Universal Display Corporation Awarded Important Patent Covering Ink-Jet Printing of Phosphorescent OLED Displays.
Universal Display Corporation Announces Novel Full-Color AMOLED Display Prototype on Flexible Metal Foil at USDC Conference; Company's Innovations in...
Universal Display Awarded $500,000 Extension to Government Contract for Continued Development of Full-Color Flexible OLED Displays on Metal Foil.
Universal Display Corporation Signs Agreements Extending Sponsored Research Program with Dr. Stephen Forrest and Dr. Mark Thompson, Two Award-Winning...
Universal Display Reports Significant Progress in the Development of Phosphorescent OLED Materials for Ink-Jet Printing in Collaboration with Seiko...

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters