Key Developments For Universal Display Corp
Universal Display Corp (PANL.O) (Consolidated Issue listed on NASDAQ Global Market)
Universal Display Corporation Receives U.S. Army SBIR Contract Extension For Flexible OLED Displays Built On Metal Foil
Universal Display Corporation announced that it has been awarded a $333,593 extension to a United States Army Communication Electronics Research and Development Engineering Center (CERDEC) Small Business Innovation Research (SBIR) Phase III contract. Under the extension, Universal Display will continue work on its flexible OLED display technology and will deliver prototype flexible displays built on metal foil to the U.S. Army.
Universal Display Corporation Announces Two New U.S. Department of Energy SBIR Phase I Grants for White Phosphorescent OLED Lighting
Universal Display Corporation announced that the Company has been awarded two new Small Business Innovation Research (SBIR) Phase I $100,000 programs from the U.S. Department of Energy (DOE). Under these two contracts, Universal Display will seek to demonstrate further advances in the performance of white OLEDs and continue to work towards achieving the DOE`s solid-state lighting commercial targets.
Universal Display Corporation Announces Award of U.S. Department of Energy Contract To Demonstrate OLED Lighting
Universal Display Corporation announced that the Company has been awarded a $1.65 million, two year contract from the U.S. Department of Energy (DOE) to demonstrate OLED lighting concept for under cabinet applications. This program builds on Universal Display's past and current work with the DOE under its Solid State Lighting Program. Under terms of the contract, Universal Display will deliver a set of under cabinet lighting units to the DOE. Each unit will consist of five 6" x 6" white PHOLED lighting panels that are based on the Company's phosphorescent OLED technology and materials.
Universal Display Corporation Wins $750,000 SBIR Phase II Contract from U.S. Air Force for Flexible OLED Displays
Universal Display Corporation announced that it has been awarded a $750,000 Small Business Innovation Research (SBIR) Phase II contract from the United States Air Force Research Laboratory. Work under the program, titled "Low-Power, Direct-View Flexible Displays," will focus on the development of a non-glass, ejection-safe, flexible OLED display prototype for prospective use by pilots in tactical cockpit settings. Developed in collaboration with L-3 Communications Display Systems and LG Display, the flexible phosphorescent OLED display prototype will be energy efficient, offer full-color video rate and have wireless communications capabilities. In addition, it will have the capability to be wrapped around a cylinder for easy storage during flight. The design goal is to provide Air Force pilots with a replacement for printed maps and checklists typically held on their knees in tactical cockpits.
Universal Display Corporation and FDC Introduces Hactive Matrix Flexible Organic Light Emitting Diode
Universal Display Corporation and The Flexible Display Center (FDC) announced that they have introduced the first a-Si:Hactive matrix flexible organic light emitting diode (OLED) display to be manufactured directly on DuPont Teijin`s polyethylene naphthalate (PEN) substrate. Implementing Universal Display Corporation's phosphorescent organic light emitting diode (PHOLED) technology and materials and the FDC`s proprietary bond debond manufacturing technology, the 4.1-inch monochrome quarter video graphics array (QVGA) display represents a significant toward achieving a manufacturable solution for flexible OLEDs. Flexible OLEDs are designed to target a number of military and commercial applications that require more rugged displays. With Universal Display's PHOLED technology and materials, the new display achieves the same brightness as traditional displays with extremely low power consumption. Additional advantages of the technology include lower operating temperature due to less heat being generated, easier to drive, longer battery life, and more stable transistors.
