Universal Display, Research Partners Granted Three New 'OLED' Patents
EWING, N.J.--(BUSINESS WIRE)--Oct. 8, 2001-- Universal Display Corporation (NASDAQ: PANL; PHLX: PNL), a leading developer of flat panel display technology, and its research partners Princeton University and the University of Southern California, have been issued three new OLED technology patents.
Universal Display currently has over 400 issued and pending patents worldwide for Organic Light Emitting Devices (OLEDs). These include approximately 200 patents from its 7-year Strategic Research Partnership with Princeton University and the University of Southern California as well as additional patents it received from Motorola, Inc., in exchange for Motorola's equity position in Universal Display.
The new patents provide exclusive worldwide rights for fabrication and color tuning technologies for OLEDs.
One of the patents, Method for Patterning Devices, U.S. patent number 6,294,398, issued September 25, 2001, is a significant step toward the accurate, low-cost method for the patterning of OLED devices over large areas in a web-based manufacturing process through stamping or cold-welding the electrodes. Such a process could allow for the manufacturing of displays for electronic devices, including television screens, on thin, flexible rolls that could be cut in varying sizes.
All three new patents are part of the Organic Light Emitter Project, a partnership between Universal Display and the two universities. The Project now has 46 patents, over 60 U.S. patents pending, and more than 100 patents issued and/or pending worldwide.
Steven V. Abramson, President of Universal Display Corporation said, ``This extraordinary intellectual property creation by our company, Princeton University and the University of Southern California is an outstanding example of academic/business entrepreneurial collaboration. We believe that the ongoing efforts of this collaboration will shape the future of the flat panel display industry.''
Method for Depositition and Patterning of Organic Thin Film, U.S. patent number 6,297,516, issued October 2, 2001, is a new patent related to patterning small features in thin films using photolithographic patterning prior to organic film deposition. This patented process avoids exposing organic materials to photolithographic solvents that can be harmful to OLEDs.
Another of the new patents, Color-Tunable Organic Light Emitting Devices, U.S. patent number 6,287,712, issued September 11, 2001, allows for tuning the wavelength of light emitted by an OLED to achieve the desired color, particularly in red OLEDs.
About Universal Display Corporation
Universal Display Corporation is a world leader in developing and commercializing innovative OLED technologies. It recently completed a $25 million private placement, consisting of $10 million in convertible preferred stock and $15 million in secured convertible debentures. It is collaborating with a network of world class organizations to penetrate the electronic flat panel display market, including a long-standing relationship for innovative OLED research with Princeton University and the University of Southern California; a joint development agreement with Sony Corporation for OLED television monitors; a strategic relationship for the commercialization and production of proprietary high efficiency OLED materials with PPG, Inc. of Pittsburgh, PA USA; a partnership with Aixtron AG of Aachen Germany for the development and production of the next generation of OLED production equipment using Universal Display Corporation's proprietary organic vapor phase (OVPD) technology and has the sole subcontracting rights to Motorola's OLED patent portfolio. Universal Display Corporation recently announced its invention of what it believes is the first efficient phosphorescent blue OLED. In combination with its existing red and green phosphorescent OLEDs, the Company has established the core of primary colors, a critical step forward in the development of full-color, active matrix OLED displays. Visit Universal Display Corporation on the Web at universaldisplay.com |
