unclewest: PANEL is a visionary company---as is ELON. PANL's breaktrough R&D at Princeton is moving fast towards commecialization---they now have manufacturing partners as well. Additionally, the fact that, they are in partnership with the best researchers at the Princeton University and have developed "energy efficient" organic materials to use in the next generation of electronic flat panel displays leads me to believe that a bright future (& an explosive growth, given the float) is on the way. PANL's products can capture a significant chunk of a $20 billion dollars market (see below---a recent press release.)
I bought PANL (& ELON!) at 7+ and have added since---hoping for triple digits to add more.
Kind regards,
ManX
p.s., to show that, I do not always pick a winner, I must say that, I have had (so far) problems with 3 of these varieties: GSTRF, Iridium, & RDOX: GSTRF=>long & hopeful; Iridium=>no need to mention; & RDOX=>good patent + bad management, but I am not selling.
PANL NEWS:
Tuesday February 29, 9:30 am Eastern Time
Company Press Release
SOURCE: Universal Display Corporation
Universal Display Corporation's Research Partners
Develop
New Organic Materials For Higher Efficiency OLED Flat Panel Display
EWING, N.J., Feb. 29 /PRNewswire/ -- The Universal Display Corporation (UDC) (Nasdaq: PANL; Philadelphia: PNL), a
developer of flat display technology, announced today that its research partners have discovered a variety of new, energy
efficient organic materials to be used with organic light emitting diodes (OLED's) for the manufacture and production of the next
generation of electronic flat panel displays. Their achievements were reported in the February 17 issue of Nature, the
prestigious peer reviewed journal of science.
UDC's research partners, led by Dr. Stephen Forrest of Princeton University, have found that combining two different methods
for emitting light, fluorescence with phosphorescence, can create more efficient sources of light. The findings by Dr. Forrest and
the research team including Dr. Mark Thompson of The University of Southern California and Marc Baldo, a graduate student
at Princeton University, demonstrate UDC's proprietary material system which involves co-mingling phosphorescence with
fluorescence to improve the efficiency of the other OLED systems. Fluorescence, which has been used in OLEDs, can
potentially provide a wider range of colors.
Dr. Forrest said electronics manufacturers could use the new techniques within six months in certain applications such as car
stereo displays. Eventually the technique could lead to ubiquitous use of OLED's in products such as palm pilots, cell phones
and laptops. ``It offers manufacturers exactly what they want,' said Forrest. ``You want a laptop that doesn't run down the
battery in three hours; you want a battery to last 10 hours.'
``This invention provides validation to the innovative direction of our research, development and commercialization program
and helps position us as a leader in the creation of the OLED industry and its widespread integration into commercial use,' said
Steven Abramson, President and COO of Universal Display. ``We congratulate our research team which has exercised its
tremendous talent to harness those properties and prepare us to deliver products to the market.'
The Nature article details how combining certain molecular properties with a phosphorous sensitizer can result in light sources
that are brighter, last longer and may be less expensive to produce than today's traditionally used liquid crystal diode (LCD)
technology and inorganic light emitting diode (LED) technology. The lengthy Nature scientific review indicates that the emerging
OLED technology has the potential to replace the current standard LCD and LED light sources to give us greater illumination,
truer coloration and longer lasting battery life.
Industry's adoption of the OLED technology should provide major benefits for manufacturers of such items as, cellular phones,
palm size computers, laptop computers, electronic readout panels and point of purchase displays.
Founded in 1994, Universal Display is engaged in the research, development and commercialization of OLEDs for use in flat
panel displays and other applications. OLEDs are seen as the future replacement technology for the $40 billion electronic
display market.
An OLED is an electronic device made by placing a series of organic thin films between two conductors. When the current is
applied, a bright light is emitted. OLEDs are lightweight, durable, power efficient and ideal for portable applications. OLEDs
have fewer process steps and also use both fewer and lower-cost materials than LCD displays. Universal Display believes that
OLEDs will replace the current technology and have the following performance advantages over LCDs: greater brightness,
faster response time for full motion video, fuller viewing angles, lighter weight, greater environmental durability, more power
efficiency and broader operating temperature ranges.
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 Form10-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 to thereto or any change in events, conditions,
or circumstances on which any statements are based.
SOURCE: Universal Display Corporation |
