Thu, September 8, 2011
Wed, September 7, 2011
[ Wed, Sep 07th 2011 ] - Market Wire
MSCI ????????????
[ Wed, Sep 07th 2011 ] - Market Wire
TrueCar, Inc. Raises $200MM
Tue, September 6, 2011
Mon, September 5, 2011
Sun, September 4, 2011
[ Sun, Sep 04th 2011 ] - Market Wire
Call of Duty® XP Has Landed
Sat, September 3, 2011
[ Sat, Sep 03rd 2011 ] - Market Wire
30 AM ET
Fri, September 2, 2011
Thu, September 1, 2011
Wed, August 31, 2011
[ Wed, Aug 31st 2011 ] - Market Wire
IBM to Acquire Algorithmics
Tue, August 30, 2011
Mon, August 29, 2011
Sat, August 27, 2011
Fri, August 26, 2011
Thu, August 25, 2011
Wed, August 24, 2011
Tue, August 23, 2011
Mon, August 22, 2011
[ Mon, Aug 22nd 2011 ] - Market Wire
2003 Certification
Sun, August 21, 2011
Sat, August 20, 2011
Fri, August 19, 2011
Thu, August 18, 2011

Universal Display Announces Agreement with Panasonic Idemitsu OLED Lighting for OLED Lighting Products


//science-technology.news-articles.net/content/2 .. su-oled-lighting-for-oled-lighting-products.html
Published in Science and Technology on by Market Wire   Print publication without navigation


EWING, N.J.--([ BUSINESS WIRE ])--[ Universal Display Corporation ] (NASDAQ: PANL), enabling energy-efficient displays and lighting with its [ UniversalPHOLED ] technology and materials, today announced that it has entered into a technology license agreement with [ Panasonic Idemitsu OLED Lighting Co., Ltd. ], a joint venture between Panasonic Electric Works Co., Ltd. and Idemitsu Kosan Co., Ltd. Under the new agreement, Panasonic Idemitsu OLED Lighting (PIOL) will be licensed to integrate Universal Displaya™s proprietary UniversalPHOLED phosphorescent and other OLED technologies and materials into OLED lighting products.

"We are very pleased to enter into this arrangement with Panasonic Idemitsu OLED Lighting for their use of our proprietary UniversalPHOLED materials and technology in their OLED lighting products. We believe that this joint venture will be a leading player in the commercialization of OLED lighting"

aWe are very pleased to enter into this arrangement with Panasonic Idemitsu OLED Lighting for their use of our proprietary UniversalPHOLED materials and technology in their OLED lighting products. We believe that this joint venture will be a leading player in the commercialization of OLED lighting,a said Steven V. Abramson, President and Chief Executive Officer of Universal Display. aHaving worked with both Panasonic Electric Works and Idemitsu Kosan over the past few years, we look forward to supporting PIOL to accelerate their commercialization efforts and to building a successful long-term commercial relationship as PIOL brings energy-efficient OLED lighting products to the market.a

Under the license agreement, Universal Display has granted license rights under various patents and associated know-how owned or controlled by Universal Display for PIOL to manufacture and sell OLED products for lighting applications. PIOL will pay Universal Display running royalties on its sales of these products under the agreement, with a portion of the royalties prepaid. The parties have also entered into a separate material supply agreement. The terms of both agreements run through July 31, 2014.

OLEDs are considered a potential solution for introducing more energy-efficient, environmentally-benign and design-friendly lighting products. Universal Displaya™s phosphorescent OLED technology and materials have demonstrated a four-to-one power advantage over other OLED technologies, resulting in record energy-efficient OLEDs. Advances in OLED lighting, including those demonstrated by Universal Display, now allow OLEDs to meet a variety of niche lighting performance targets and demonstrate the potential for OLEDs to achieve general lighting targets established by the U.S. Department of Energy. It has been estimated that by 2016, OLEDs could generate well over $20 billion in worldwide savings of electricity costs and could save over nine million metric tons of carbon emissions from the U.S. alone.

For more information on how Universal Display is changing the face of the display and lighting industries with its UniversalPHOLED, white OLED and flexible OLED technologies, please visit the company at [ www.universaldisplay.com ].

About Universal Display Corporation

Universal Display Corporation (Nasdaq: PANL) is a leader in developing and delivering state-of-the-art, organic light emitting device (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 1,200 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED phosphorescent OLED technology, that can enable the development of low power and eco-friendly displays and white lighting. The company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display, please visit [ www.universaldisplay.com ].

Universal Display Corporation and the Universal Display logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.

All statements in this document that are not historical, such as those relating to Universal Display Corporationa™s technologies and potential applications of those technologies, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporationa™s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporationa™s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled aRisk Factorsa in Universal Display Corporationa™s annual report on Form 10-K for the year ended December 31, 2010 and quarterly report on Form 10-Q for the quarterly period ended March 31, 2011. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.


Publication Contributing Sources