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Updated: July 8th, 2008 05:26 PM CDT

Universal Display Corporation Awarded New SBIR Phase I Contract

Business Wire
via NewsEdge Corporation

EWING, N.J.--(BUSINESS WIRE)--Jan. 18, 2006--Universal Display Corporation (NASDAQ:PANL), the Company that's lighting the way in developing and commercializing OLED technology for flat panel displays, lighting and other opto-electronics with its proprietary phosphorescent OLED (PHOLED(TM)) technology, today announced it has been awarded a $69,999 Small Business Innovation Research (SBIR) Phase I contract by the U.S. Army Research Laboratories (ARL), for a program entitled "Flexible and Conformal Environmental Barrier Technology for Displays".

During this Phase I program, Universal Display will integrate a novel low-temperature plasma enhanced chemical vapor deposition (PECVD) process coating technology with its proprietary FOLED(R), TOLED(R) and PHOLED(TM) technologies. The PECVD process is based on pioneering research at Princeton University, which is believed to enable the deposition of flexible and protective films onto the top surface in an OLED without causing damage to the OLED. The end result will be the demonstration of a flexible OLED display prototype built on a stainless steel substrate. This research is an important element toward the Company's goal of developing a rugged, long-lived, thin and lightweight flexible OLED display technology for both military and commercial applications.

"We are extremely proud of our work in this area and excited to continue this work with the U.S. Department of Defense on the development of flexible OLED's on metal foil substrates," said Steven V. Abramson, President and Chief Operating Officer of Universal Display Corporation. "While initial applications focus on battlefield devices, we believe that this same technology will have wide-ranging applications in the commercial markets as well."

The new contract complements Universal Display's other development efforts with the U.S. Department of Defense, including multi-year contracts with the U.S. Air Force Research Laboratory, U.S. Army Communication Electronics Research and Development Engineering Center (CERDEC) and Army Research Laboratories. These contracts envision the ultimate development of FOLED displays on flexible substrates, which in turn may lead to rollable, retractable and rugged displays with a small and lightweight form factor for use in portable communication devices, such as personal digital assistants (PDAs) and MP3 players and laptop computers.

To see how Universal Display Corporation is changing the face of the display industry, please visit the Company at

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