PANL,
New Universal Display Flexible OLED Technology Key to High Performance, Color Panels in Handheld Devices
LONDON, Nov 24, 2000 /PRNewswire via COMTEX/ -- The important characteristics of Flexible OLEDs are detailed in a paper, "Flexible Organic Displays," given by Dr. Michael S. Weaver, Senior Scientist for Universal Display Corporation (UDC) (Nasdaq: PANL chart, msgs) presented at the Electronic Information Displays 2000 Conference, a Society for Information Display sponsored conference in London. The forum was held November 21 - 23.
Dr. Weaver's paper details the new developments in high efficiency OLED displays and applying this technology to flexible substrates, having the potential of realizing an entire new generation of flat panel displays. His presentation focuses on the development of OLED (Organic Light Emitting Devices) technology to mass-produce high-resolution, full-color display panels that use less power. In addition, the ability to place OLEDs on a flexible substrate provides the rugged, durable performance that is required in hand- held electronic devices, i.e., wireless, pagers and mini-computers.
In addition, the formability characteristic of flexible OLEDs lends itself to high-volume, roll-to-roll process manufacturing, promising relatively inexpensive fabrication. The placement of OLEDs on a flexible substrate offers numerous advantages over conventional rigid-glass substrates. "OLEDs are beginning to enter the market place as a competitive display technology. These displays should rapidly move from small passive matrices to full-color active matrices, built on conventional indium tin oxide (ITO) coated glass, and then to plastic substrates," said Weaver
OLEDs have a variety of potential applications, including cell phones, PDA's, computer displays, informational displays in vehicles and television monitors. Due to their bright and beautiful colors, wide viewing angle, compatibility with full motion video, broad temperature ranges, thin and comformable form factor, low power requirements and the potential for low cost manufacturing processes, OLEDs are seen as a future replacement technology for cathode ray tubes (CRTs) and liquid crystal displays (LCDs), which currently dominate the growing $40 billion annual electronic display market.
UDC has been developing Organic Light Emitting Device (OLED) technology with Princeton University and the University of Southern California (USC) since 1994. This partnership continues to be committed to the innovative research and commercialization of this proprietary technology.
On October 5, UDC acquired the rights to the OLED patent portfolio of Motorola, Inc., resulting in UDC having the exclusive license to 103 US patents relating to OLED technology, and has more than 50 US patents pending. Patents have also been issued in eight foreign countries and numerous patents are pending worldwide.
On November 1, UDC announced it formed a strategic alliance with PPG Industries for the development and production of its proprietary chemicals employed by OLED manufacturers. Motorola and PPG both became shareholders in UDC through those transactions.
Universal Display Corporation ( www.universaldisplay.com ) is located in 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
Contact:
Investors, Dean Ledger, EVP of Universal Display Corporation,
800-599-4426, or Media, Phil Dunne of Minkus & Dunne Communications,
312-541-8787, for Universal Display Corporation
URL: universaldisplay.com |
