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"We greatly appreciate the vision that the U.S. Department of Defense has had in supporting our continued innovation of flexible OLED technology," said Steven V. Abramson, President and Chief Operating Officer of Universal Display. "By combining flexibility with the power efficiency, viewing performance and form factor advantages of our Company's proprietary OLED technologies over existing LCD displays, we have the potential to create a seemingly boundless number of product possibilities, both existing and some, as yet, unimagined."
This flexible, full-color AMOLED prototype highlights several key advantages of the Company's proprietary OLED technologies over conventional liquid crystal displays (LCDs). Flexible OLED displays are significantly thinner and lighter weight than existing LCDs. The use of metal foil, instead of the glass that is typically used in LCDs, also offers significantly enhanced thermal and mechanical durability. These features may offer important advantages for today's cell phones, PDA's and lap-top computers.
Coupling these features with the metal foil's inherent flexibility may also lead to a variety of new product opportunities. Applications might include wearable electronics, such as a wrist-mounted PDA, and other portable electronics. These advances are critical for eventual development of the Company's proprietary Universal Communication Device, which would allow a user to unroll a thin, metal screen from a pen-like device for visual as well as verbal communication.
To see how Universal Display is changing the face of the display industry, please visit the Company at http://www.universaldisplay.com.
About Universal Display Corporation
Universal Display Corporation is a world leader in developing and commercializing innovative OLED technologies and materials for use in the electronic flat panel display, lighting and other opto-electronic markets. Universal Display is working with a network of world-class organizations including Princeton University, the University of Southern California, and PPG Industries. The Company has established more than 20 development programs and other similar relationships with companies such as Tohoku Pioneer Corporation; Samsung SDI Co.; AU Optronics Corporation; DuPont Displays, Inc.; Seiko Epson Corporation; Sony Corporation; and Toyota Industries Corporation. The Company has also licensed its OVPD technology to AIXTRON AG for the development of next-generation OLED manufacturing equipment. Universal Display currently owns or has exclusive or sole license rights in approximately 750 issued and pending patents worldwide.