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Universal Display, a company developing and commercializing OLED technology for flat panel displays, lighting and other opto-electronics, announced that it has entered into an agreement with a leading display manufacturer, to supply the company's proprietary PHOLED phosphorescent OLED material for use in an active matrix OLED product.
Universal Display said that its proprietary PHOLED technology offers up to four times higher efficiency than conventional OLED technology - a feature that is important for today's battery-operated cell phones and other portable devices, as well as for tomorrow's large-area TVs and solid-state lighting products.
The company's PHOLED materials, manufactured by PPG Industries exclusively for Universal Display, are currently being evaluated and used in commercial production by a number of electronics manufacturers.
Steven V. Abramson, President and Chief Operating Officer of Universal Display, said, "We are very pleased to enter into this agreement for the purchase of our proprietary PHOLED material for use in an active matrix OLED product. We have been working toward this for a number of years and consider this an important milestone for the growth of our business and the emerging OLED industry."
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<<Wireless News -- 02/24/06>>