Thursday September 18 4:23 PM EDT
Company Press Release
Universal Display Corp. Becomes Newest Member of The U.S.
Display Consortium
SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 18, 1997--
Organic Light Emitting Diode (OLED) Developer Brings New
Technology to USDC
The United States Display Consortium (USDC), a cooperative industry/government effort aimed at developing an
infrastructure to support a North American flat panel display (FPD) industry welcomes Universal Display Corp. of Bala
Cynwyd, Pa. (NASDAQ:PANL;PHLX:PNL) as its newest member.
Universal Display Corp. (UDC) is engaged in the research, development and commercialization of its proprietary, organic
light emitting diode (OLED) technology for flat panel displays, lasers and other applications.
OLED technology has been determined to potentially provide outstanding display performance through high resolution,
full color capability, low power and excellent luminosity. Its applications range from use in small cellular phones to large
flat screen, high definition televisions.
Strategically partnered with Princeton University and the University of Southern California, Universal Display is
successfully transferring the state-of-the-art OLED technology from the laboratory into the marketplace. UDC is the
exclusive licensee of the more than 30 patent applications that have already been filed by the Universities encompassing,
worldwide intellectual property portfolios.
Michael Ciesinski, president and CEO of USDC stated, ``UDC is an important addition to the U.S. Display Consortium
because it represents another emerging technology in the U.S. flat panel display industry. Universal Display Corp. can
use USDC's existing activities to refine their product, identify suppliers and prospective partners''.
Steven V. Abramson, president and chief operating officer of Universal Display Corp. stated, ``We are very excited to be
a part of the USDC and to become part of the governing board. USDC is a major force in the $30 billion annual display
market. As the first organic display company in the USDC, we add a new and innovative technology to help fulfill their
mission.''
Most recently, UDC received a $3 million award from the U.S. Dept. of Defense Advanced Research Projects Agency
(DARPA) for the continued development of ultra-lightweight, full color OLED flat panel display technology.
U.S. Display Consortium is an industry-led, public/private partnership providing a common platform for flat panel
display manufacturers, developers, users and the manufacturing equipment and supplier base. Headquartered in San Jose,
the consortium has more than 130 corporate members, as well as support form the U.S. government's Defense Advanced
Research Projects Agency (DARPA).
USDC's mission is to establish and enlarge the U.S. supplier infrastructure required to support a world-class, U.S. based
manufacturing capability for high-definition displays.
Members include, Candescent Technologies Corp., Compaq Computer, dpiX, a Xerox New Enterprise Company, FED
Corp., Litton Systems Canada Ltd., Lucent Technologies, OIS Optical Imaging Systems Inc., Planar Systems, SI
Diamond Technology Inc., Semiconductor Systems Inc., Standish Industries, Texas Instruments, and VIP (Versatile
Information Products).
Contact:
Universal Display Corp.
Dean L. Ledger, 800/599-4426, (fax) 208/765-3053
or
USDC
Michelle Alt, 408/277-2400, (fax) 408/277-2490
e-mail: marcom@usdc.org
or
USDC Agency
Bob Climo, Mathews & Clark Communication
408/736-1120, (fax) 408/736-2523
e-mail: bclimo@mathewsandclark.com |
