Light Emitting Devices, organic and novel Message Board

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Technology Stocks : Light Emitting Devices, organic and novel

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To: John Finley who started this subject	4/18/2001 3:58:39 AM
From: nigel bates	of 330

April 17 /PRNewswire/ -- Universal Display Corporation (UDC) (Nasdaq: PANL - news; PHLX: PNL - news) and Sony Corporation (NYSE: SNE - news) have announced a joint development agreement for high efficiency active matrix Organic LED (OLED) display devices for use in large area monitor applications. Under the Agreement, the parties will develop active matrix OLED displays with extremely high power efficiency combining UDC's proprietary high efficiency electrophosphorescent materials and Sony's proprietary low temperature poly silicon active matrix OLED technology (TAC: Top emission Adaptive Current drive). Sony has developed a 13-inch active matrix OLED display using its novel TAC technology. That display is a little thicker than a credit card and has the potential to replace the bulky TV tube. UDC's portfolio of innovative OLED technologies include its world record high efficiency electrophosphorescent material system, which can be up to four times more power efficient than conventional OLED systems; transparent cathodes, and flexible plastic display technologies. It has the sole and exclusive licensing rights to over 380 issued and pending OLED patents worldwide. ``The opportunity to work with the Sony team is a very exciting event. We believe that their vision of a thin, lightweight OLED television monitor is a dramatic confirmation of the essential attributes of OLED technology and their position as a premier developer of high quality large area consumer electronic display products,'' stated Steven V. Abramson, President and Chief Operating Officer of UDC. Tetsuo Urabe, General Manager of Sony's OLED development department stated, ``UDC and their research partners have been developing extraordinary and innovative OLED technologies for more than seven years and the combination of Sony's advanced AM-OLED technology and UDC's high expertise in OLED research and development will accelerate the realization of this revolutionary flat panel display technology for large area applications.''

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