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

Universal Display Announces Advances in Blue OLEDs

Business Wire
via NewsEdge Corporation

EWING, N.J.--(BUSINESS WIRE)--Jan. 12, 2006-- Company achieves 100,000 hour lifetime for sky blue PHOLED and unveils deeper blue PHOLED as key milestones on the path towards commercialization

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, will discuss the significant progress in the color blue for its industry leading PHOLED technology during the 8th Annual Needham & Company Growth Conference, being held today at the Palace Hotel in New York.

Sidney Rosenblatt, Chief Financial Officer of Universal Display Corporation, in a presentation titled "Changing the Display Landscape through Phosphorescent OLEDs," will announce the achievement of key technological milestones in the Company's development of blue PHOLED materials and technology. Universal Display's new blue PHOLED system with sky blue color of CIE (0.16, 0.37) now offers luminous efficiency of 20 candelas per ampere (cd/A) and 100,000 hours of operating lifetime at 200 candelas per square meter (cd/m2). This follows the Company's breakthrough announcement in June, 2005 of a sky blue PHOLED with over 15,000 hours at 200 cd/m2. That was the first significant blue PHOLED to break through the 1,000 hour lifetime barrier.

The Company has also made significant progress in the demonstration of deeper blue performance. Mr. Rosenblatt will present a proprietary new blue PHOLED with CIE (0.16, 0.29), excellent luminous efficiency of 21 cd/A and over 17,500 hours of operating lifetime at 200 cd/m2. This corresponds to over 3,000 hours at 500 cd/m2, a target luminance for commercial applications.

"Now that we have cracked the code on creating long-lived blue PHOLEDs, the pace of advancement in our labs has been remarkable," says Rosenblatt. "In the six months since announcing a sky blue PHOLED, we have increased lifetimes by a factor of more than six, and are also making important strides with deeper blue emission and record-breaking efficiencies toward meeting our customer's commercial requirements."

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