Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : OLED Universal Display Corp -- Ignore unavailable to you. Want to Upgrade?

To: nigel bates who wrote (177)	6/27/2001 11:56:30 AM
From: nigel bates	Read Replies (1) \| Respond to of 29684

EWING, N.J.--(BUSINESS WIRE)--June 27, 2001--Universal Display Corporation (NASDAQ: PANL; PHLX: PNL), a leading developer of flat panel display technology, announced today that it has entered into a contract research agreement with the Chitose Institute of Science and Technology, specifically working with the world renown expert Dr. Chihaya Adachi focusing on high efficiency materials and device structures based on Electrophosphorescent OLEDs. He will be working exclusively with UDC on the high efficiency material system for OLEDs. The Chitose Institute of Science and Technology was established in 1998 and is the first university in the world to study Photonic Sciences exclusively. The school is Japan's first institute for higher education that specializes in optics technology. ``We have been collaborating with Dr. Adachi the last two years while he was working with Dr. Stephen Forrest at Princeton University. The results have been very fruitful and we are excited to continue our relationship with Dr. Adachi in his new position,'' said Steven V. Abramson, president of UDC. ``This collaboration with Dr. Adachi's new university complements our strategic research relationships with Princeton University and the University of Southern California in the area of our proprietary electrophosphorescent material system. This system is a key element to provide the power efficiency essential for the widespread commercialization of OLED products.'' ``I spent two very productive years at Princeton University as part of Dr. Stephen Forrest's OLED team, and I am very excited to continue working with UDC, one the world's leading OLED technology companies, on their fundamental, high efficiency electrophosphorescent material system,'' said Dr.Adachi. ``I am very pleased to be able to work with a respected professor and scientist such as Dr. Chihaya Adachi to strengthen UDC's presence in our country,'' said Mr. Ichiro Nakagawa, UDC's official representative in Japan. ``UDC has essential technologies for the OLED industry and Japan is a key player in that market.'' About Universal Display Corporation Universal Display Corporation is a world leader in developing and commercializing innovative OLED technologies. 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: 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 ...