Universal Display Corporation (UDC) - Page 44

Universal Display Corporation has revamped the web site, with new information and updates on its OLED technologies.

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Universal Display (together with Princeton University) has been awarded DOE project to demonstrate a novel smart window concept for residential and commercial buildings, based on transparent OLEDs.

UDC will create panels that integrate transparent OLEDs with reflective modulating light shuttering techniques. These windows will be able to switch rapidly from being a highly-efficient, solid-state white light source to being transparent for efficient daylight transmission.

Universal display has won a US Army SBIR Phase I project (titled "Flexible Day/Nighttime Phosphorescent OLED Displays") to develop a top-emission infra-red PHOLED on metal foil for use in military applications.;

The idea is to incorporate those infra-red OLEDs into a color display with regular full-color emitting pixels so a display can work in both daytime and nighttime. And that display will be flexible and rugged.

Universal Display and Seiko Epson announced that they will work to apply UDC's PHOLED materials to Epson's high-speed ink-jet printing process.

Universal display's Janice Mahon says that flexibility is key for next-gen OLEDs. Those displays will be less breakable compared to glass based displays, which is why they'll eventually appear in mobile phones.

Janice expects OLED TVs to begin hitting commercial markets by 2006.

Universal Display reported their financial results for Q3 2004. The company's revenues amounted for $1.7 million (down from $2.1 in Q3 2003), and net loss was $3.7 million (down from $4.7 in Q3 2003).

Universal Display and Princeton University announced that they have been awarded a $4 million project from the DOE. This is a 3-year project titled "Novel Low Cost Organic Vapor Jet Printing (OVJP) of Striped High Efficiency Phosphorescent OLEDs for White Lighting".

In this project OVJP will be used to fabricate white OLED lighting panels. The panel will use UDC's Striped OLED architecture which uses a series of red, green and blue OLED stripes to achieve white light emission.

Universal Display announced a new $750,000 SBIR Phase II project from the US Department of Energy (DOE) to develop light extraction technology for energy-efficient, solid-state lighting. The new project is titled "Novel Light Extraction Enhancements for White Phosphorescent OLEDs".

Extraction efficiency defines the amount of generated light that can be extracted, or emitted, from the device as useful light. In current OLED panels about 20% to 30% of generated light is effectively extracted as useful light.

This is the second $750,000 OLED lighting efficiency project awarded to UDC this month, the first one was about lowering the OLED device voltage.

Universal Display was awarded a new $750,000 Department of Energy (DOE) SBIR II contract to lower their white phosphorescent OLED device operating voltage. The program, titled "Low Voltage, High Efficiency White Phosphorescent OLEDs for Lighting Applications" is a continuation of a DOE SBIR Phase I program awarded in 2003.

A lower voltage is important because it leads to reduction in power consumption.

Universal Display announced their 2Q 2004 results. The company reported a net loss of $4,520,272 (or $0.17 per share).