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

To: Savant who wrote (193)	1/22/2002 10:10:16 AM
From: nigel bates	Read Replies (1) \| Respond to of 29728

Universal Display Announces: Advanced OLED Manufacturing Patent Issued for OVPD Technology Novel Technology Can Revolutionize the Fabrication of OLEDs Leading to ``Web-Based'' Continuous Process Fabrication for Organic Electronics EWING, N.J.--(BUSINESS WIRE)--Jan. 22, 2002-- Universal Display Corporation (NASDAQ: PANL; PHLX: PNL), a leading developer of flat panel display technology, announced today that its research partner, Princeton University, has been issued a new patent for an Organic Vapor Phase Deposition (OVPD) process that can provide substantial advantages for the manufacturing of Organic Light Emitting Diode (OLED) flat panel displays. UDC has the exclusive, world wide rights to this patent, titled, Low Pressure Vapor Phase Deposition of Organic Thin Films, U.S. patent number 6,337,102. The advantages of OVPD technology include higher materials utilization, increased control over the deposition process, higher potential throughput, yield and lower manufacturing costs. OVPD technology also provides a significant step toward Web-based continuous process fabrication for organic electronics, including OLEDs, being uniformly and efficiently deposited on thin, flexible surfaces. Specifically, Organic Vapor Phase Deposition involves the use of a carrier gas stream in a hot-walled reactor at low pressure to precisely deposit thin layers of organic electronic materials on to displays. The patented process can produce thin films having far superior surface properties when compared to traditional OLED processing. This advanced OLED manufacturing process should be a key element in bringing organic electronics into widespread use in the flat panel display industry. Aixtron AG, a leading German equipment manufacturer, will manufacture and sell OVPD equipment under exclusive license from UDC. After an 18 month joint development program, the preproduction OVPD fabrication equipment is currently being installed in UDC's expanded pilot line facility. UDC currently has exclusive rights to over 400 issued and pending patents worldwide for Organic Light Emitting Devices (OLEDs). These include approximately 200 patents from its seven-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 the Company. In addition to the OVPD patent, they include key patents in a number of areas, such as flexible OLEDs (FOLEDs(TM)), high efficiency phosphorescent OLEDs (PHOLEDs(TM)) and transparent OLEDs (TOLEDs(TM)). Other recent patents provide exclusive worldwide rights for fabrication and color tuning technologies for OLEDs. These include: 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. Method for Deposition 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. 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. Recent News Coverage The December 21 issue of Semiconductor International featured a story on red phosphorescent OLED materials developed by Universal Display Corporation and its research partners. (link at e-insite.net. The December issue of Laptop Magazine featured Universal Display Corporation in a story about OLEDs and their future in the $70 billion flat panel display industry (no link available). The November issue of Chemical and Engineering News discussed the competition between Liquid Crystal Displays (LCDs) and Organic Light Emitting Devices (OLEDs) within the flat panel display industry (no link available)...