Friday January 21, 11:35 am Eastern Time
Company Press Release
Four New Patents Issued In UDC'S Organic
Light Emitter Project
the Patents Cover Fabrication Methods Using Ink Jet Printing, Photolithography, and
Increased Efficiency of OLED Devices
EWING, N.J.--(BUSINESS WIRE)--Jan. 21, 2000-- Universal Display Corporation (UDC) (NASDAQ: PANL;
PHLX: PNL), a developer of flat panel display technology, announced today that it's research partners, Princeton
University and the University of Southern California, received four new patents for the Organic Light Emitter Project,
bringing the total number of US patents issued in the project to 22.
UDC has the exclusive worldwide license to all patents issued in the Project.
``These patents cover methods of fabricating OLED devices using ink jet printing and photolithography, as well as
methods to increase the efficiency of OLED devices. Said Steven V. Abramson, President and Chief Operating Officer
of UDC. The 22 patents issued and more than 45 patents pending in the United States, and additional patents pending
worldwide, give us a very strong innovative position in the emerging OLED marketplace.'
The four new patents are: ``Organic light emitting device containing a hole injection enhancement layer', issued to
Forrest, et. al., US Pat. No. 5,998,803; ``Method and Apparatus for measuring film spectral properties', issued to
Forrest, et. al., US Pat. No. 6,005,252; ``Multicolor display devices', issued to Thompson, et. al., US Pat.
No.6,013,982; and ``Method of fabricating and patterning OLEDs', issued to Burrows, et. al, US Pat. No.
6,013,538.
OLEDs are seen as a future replacement technology for Cathode Ray Tubes (CRTs) and Liquid Crystal Displays
(LCDs), due to their bright, beautiful colors, wide viewing angle, compatibility with full motion video, broad
temperature ranges, thin and conformable form factor, low power requirements and the potential for low cost
manufacturing processes. CRT's and LCD's currently dominate the growing $40 billion annual electronic display
market.
The Company believes that OLEDs are also a future enabling technology opening up significant new markets for flat
panel displays based on novel display features that include transparency and flexibility and in meeting the demand for
new portable electronic flat panel display products being driven by the Internet.
UDC has been developing Organic Light Emitting Device (OLED) technology with Princeton University and the
University of Southern California (USC) since 1994. The partnership is committed to the innovative research and
commercialization of this proprietary OLED technology for applications such as flat panel displays, lasers, and light
generating devices.
The Company's OLED technology centers around four important technology platforms: TOLED's (Transparent
Organic Light Emitting Devices), which can be up to 85% transparent when not energized, can be used to create vision
area displays on windshields, cockpits, helmets and eyeglasses, and can also be integrated with standard silicon
semiconductors.
FOLED's (Flexible Organic Light Emitting Devices) can be built on flexible plastic and unbreakable and/or
conformable surfaces and provide lighter weight and more durable performance. SOLED's, the third technology
platform, are being developed for high-resolution displays.
UDC and it's research partners are also working on a fourth technology platform focusing on a family of high efficiency
organic materials using electrophosphorence as the light emitting mechanism
UDC recently moved into a new 11,000 sq. ft facility which will include a pilot line as well as technology development
and technology transfer facilities. Located only 20 minutes from the Company's research partners at Princeton
University, this new facility significantly increases its resources to accelerate technology commercialization.
With over 2500 square feet of clean room space, this state-of-the-art facility is ideal to further technology
development, transfer our technology to manufacturing partners and to work with customers to develop products to
meet their future needs for electronic flat panel displays.
For more information, visit our web site at universaldisplay.com.
All statements in this press release that are not historical are forward-looking statements.
Such statements are subject to risks and uncertainties that could cause actual results to differ materially for Universal
Display Corporation from those projected, including, but not limited to, uncertainties relating to technological
approaches, product development, manufacturing, and marketing acceptance, uncertainties related to cost and pricing
of Universal Display products, dependence on collaborative partners, and other competition, risks relating to
intellectual property of others and the uncertainties of patent protection.
These are discussed in periodic reports filed with the SEC, including the Company's annual report on Form 10-KSBA
for the year ended December 31, 1998 and quarterly report on Form 10-Q.
Universal Display Corporation expressly disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to reflect any change in Universal Display Corporation's
expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements
are based.
Contact:
Universal Display Corporation, Ewing
Dean Ledger, Executive V.P., 800/599-4426
Web site: universaldisplay.com |
