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Date Announced: 11 Oct 2011
Company will build on successful Phase I program to extend white phosphorescent OLED lighting panel operating lifetime with novel thermal management techniques.
EWING, N.J.--(BUSINESS WIRE)-- Universal Display Corporation (NASDAQ:PANL - News), enabling energy-efficient OLED displays and lighting with its UniversalPHOLED® technology and materials, today announced that the U.S. Department of Energy (DOE) has awarded the company a $999,963 Small Business Innovation Research (SBIR) Phase II grant. The goal of the program is to demonstrate further gains in the performance of large-area, phosphorescent organic light emitting device (PHOLED) lighting panels through enhanced thermal management techniques. This new program builds on the achievements demonstrated by Universal Display during the previous Phase I program.
Under this program, Universal Display will design and build large-area white OLED lighting panels using the company’s energy-efficient UniversalPHOLED technology and materials in conjunction with novel thermal management techniques. Lighting panels that use the company’s PHOLED technology and materials already generate far less heat than traditional OLEDs. Through the use of thermal management techniques, operating temperature can be further minimized to extend operating lifetime.
“We are very pleased to further our efforts in this area with the support of the U.S. Department of Energy, and we firmly believe that our UniversalPHOLED technologies and materials are critical to enabling energy-efficient, high-performance white OLED lighting,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display.
“Universal Display continues to build technology and design solutions that will provide lighting manufacturers with the right tools to develop high-value added OLED lighting products, as our technologies and materials have done for the display industry. We look forward to demonstrating the potential for efficient OLED lighting to meet U.S. DOE targets and accelerate the commercialization of OLED lighting.”
The U.S. Department of Energy has supported research and development of solid-state lighting, including OLED lighting, since 2003. According to the DOE, lighting accounts for approximately 24 percent of the total electricity generated in the United States today. It is estimated that by 2030 the development and widespread deployment of solid-state lighting could reduce national electricity use for lighting by one-third. Universal Display is the leading innovator and supplier of phosphorescent OLED technology and materials to the OLED display and lighting industries.
Source: Universal Display Corporation
E-mail: info@universaldisplay.com
Web Site: www.universaldisplay.com
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