PANL Organic Thin-Film Semiconductor Laser Patent Announced by Universal Display
Corporation
EWING, N.J., Sept 21 /PRNewswire/ -- Universal Display Corporation (UDC)
(Nasdaq: PANL; PHLX: PNL), a developer of an innovative flat panel display
technology based on organic light emitting devices (OLEDs), announced today
that its Research Partners, Princeton University and The University of
Southern California (USC), have received a patent for an Organic Semiconductor
Laser, U.S. patent number 6,111,902. UDC has the exclusive worldwide license
for this and associated patents.
The solid-state light-emitting device incorporates a thin-film of organic
material and operates similarly to inorganic semiconductor lasers. In
addition to anticipated lower power consumption and lower manufacturing costs,
it is believed that the organic laser will be more versatile than today's
solid state lasers because organic substances can be relatively easily
manipulated to emit light from the ultraviolet to infrared.
It is believed that a commercial organic semiconductor laser can have
great potential for the electronics industry and the multi-billion dollar
semiconductor laser market. Many consumer and technology products, including
CD/DVD disk reading, fiber optics communications, microcircuit manufacturing,
games and entertainment systems would benefit from lower power requirements
and lower costs of Thin-Film Organic Semiconductor Lasers. The next step
towards commercialization is developing an electrically pumped Organic
Semiconductor Laser.
About Universal Display Corporation
UDC has been developing OLED technology with Princeton University and The
University of Southern California (USC) since 1994. These partnerships
continue to be committed to the innovative research and commercialization of
this proprietary technology. UDC has the exclusive license to 31 US patents
relating to OLED technology, and has more than 50 US patents pending. Patents
have also been issued in 8 foreign countries and there are numerous patents
pending worldwide.
Universal Display Corporation ( www.universaldispaly.com ) is located in
the Princeton Crossroads Corporate Center, Ewing, New Jersey, minutes away
from its Research Partners at Princeton University. Its 11,000 sq. ft
facility includes a pilot production line as well as technology development
and technology transfer facilities. With more than 2,500 square feet of clean
room space, this state-of-the-art facility is ideal to further technology
development, technology transfer to manufacturing partners and work with
customers to develop products to meet their needs for electronic flat panel
displays.
All statements in this news release that are not historical are forward-
looking statements 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-K for the year ended December
31, 1999 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.
SOURCE Universal Display Corporation
/NOTE TO EDITORS: Financial and investor questions should be directed toDean
ledger, EVP, at 800-599-4426 or <flatpanel@nidlink.com>. Interviews withmembers
of management and technology may be arranged by contacting StephanieHammernik at
312-541-5757 or shamertnik@minkus-dunne.com. The price of UDCcommon stock
listed on Nasdaq as PANL was $20.48 as of market close onSeptember 20, 2000.
The 52-week high/low range is $38.50 to $3.13/
/CONTACT: Stephanie Hammernik of Minkus & Dunne PR,
312-541-8787,shamernik@minkus-dunne.com, for Universal Display Corporation/
Sep-21-2000 16:45 GMT
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US;PANL
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