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Technology Stocks : OLED Universal Display Corp

OLED 119.60

+0.4%

Dec 26 9:30 AM EST

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To: Savant who wrote (190)	1/4/2002 10:35:17 AM
From: Savant	Read Replies (1) of 29731

EWING, N.J.--(BUSINESS WIRE)--Dec. 4, 2001--"Today's announcement establishing a joint venture between Sanyo and Kodak for the development of next generation display technologies bodes well for an emerging industry which promises to revolutionize computing and communications over the next decade," according to Sid Rosenblatt, chief financial officer of Universal Display Corporation. "The alliance illustrates the rapid development of organic light emitting devices (OLEDs) and underscores the need of OLED research firms to work closely with manufacturers to compress the time to market for these quickly developing technologies." In that respect, Universal Display Corporation has developed relationships with a number of leading manufacturers and has announced joint development agreements with Sony Corporation and Samsung SDI that will bring to market a range of breakthrough display products during the next five years. Universal Display Corporation is one of the leaders in OLED technology development with a portfolio of more than 400 patents, issued and pending worldwide. The Company's proprietary phosphorescent OLED (PHOLED(TM)) technology uses electrophosphorescent materials that are up to four times more power efficient than conventional fluorescent small molecule technology. Universal Display Corporation also has announced a strategic relationship for the commercialization and production of its proprietary materials with PPG Industries, Inc. of Pittsburgh, PA. Another example of its innovative technologies is its partnership with Aixtron AG of Aachen, Germany for the development of the next generation of OLED production equipment using its proprietary organic vapor phase deposition technology (OVPD). "In today's announcement, Sanyo Chairman Sadao Knodo was quoted as saying that to expand the market further, we need new breakthroughs," says Rosenblatt. "Universal Display Corporation stands uniquely positioned with an intellectual property portfolio of innovative technologies that should provide the breakthroughs necessary to expand the emerging OLED markets." S.

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