Universal Display Corporation and Samsung SDI Announce Key Joint
Development Agreement
Joint Development Effort Aimed at OLED Displays for Multi-Billion Dollar
Portable Device Market
EWING, N.J. & SEOUL, Korea, Oct 10, 2001 (BUSINESS WIRE) -- Universal Display
Corporation (UDC) (Nasdaq:PANL; PHLX: PNL) and Samsung SDI Co. Ltd. have
announced a joint development agreement for low-power, full-color active matrix
Organic Light Emitting Device (OLED) displays.
The initial focus of the development effort is on portable OLED displays that
are targeted for use in mobile telephones, PDAs, electronic games, and other
consumer and industry electronics. The parties will work together to integrate
UDC's high-efficiency phosphorescent materials and top-emitting device
structures with Samsung SDI's low temperature poly-silicon active matrix
architecture.
Ho Kyoon Chung, Vice President, Technology Development of Samsung SDI, said,
"This joint development will enable us to develop OLED displays for low-power
applications such as mobile phones and PDAs. Using UDC's high efficiency
materials, we expect to provide our customers with vivid, full color active
matrix OLED displays which consumes less power compared to the other
technologies including TFT LCD's within the next two years." SDI has begun a
joint venture with NEC to produce Passive Matrix OLED displays since the
beginning of this year, and is about to produce PMOLEDs for mobile phones. As a
result of the AMOLED development commencing during 2000, Samsung SDI has
recently demonstrated an 8.4-inch full-color AMOLED display, which has the
world's highest resolution and anticipates it will launch AMOLED products in two
years.
Steven V. Abramson, President and Chief Operating Officer of UDC, said, "We are
very enthusiastic about the opportunity to accelerate the commercialization of
our technology by working with the Samsung SDI team. The combination of our high
efficiency OLED materials and device structures coupled with Samsung SDI's
proven ability for high volume production of high-quality consumer electronics,
is an important step forward for our company and for OLED technology to capture
significant market share." |
