Apr 29 2009
Universal Display Corporation (NASDAQ:PANL), an innovator behind today's and tomorrow's displays and lighting through its UniversalPHOLED™ phosphorescent OLED technology, today is exhibiting the environmental, energy efficient and "green" benefits of its OLED technology at Pepcom's EcoFocus/New York, to be held from 6:00 to 9:00 PM ET at the Metropolitan Pavilion in New York City. The company will be exhibiting at EcoFocus as a member of the OLED Association. Launched in 2009, EcoFocus/New York features "a wide range of green products, services and initiatives from some of the industry's most influential and innovative companies."
During the event, Universal Display's Vice President of Technology Commercialization, Janice Mahon, will showcase display and lighting product prototypes, and share technical information and advances that illustrate the inherent energy efficiency, smaller carbon footprint and environmental benefits of the company's PHOLED technology and materials for displays and lighting.
Among the product prototypes will be Universal Display's wrist-worn, flexible PHOLED display, developed jointly with LG Display and L-3 Communications for the U.S. Department of Defense. In addition, the company will showcase a scaled white PHOLED lighting atrium, transparent PHOLED pixels, and commercial products that currently use Universal Display's PHOLED technology.
"Energy efficiency and eco-friendliness are at the core of our proprietary PHOLED technology," said Steven V. Abramson, President and Chief Executive Officer of Universal Display. "Lighting and display manufacturers are facing a growing demand for green products that are not only better for the environment, but also offer energy cost savings for consumers and businesses. While solutions like compact fluorescent lamps (CFLs) are helping to decrease energy demand, the presence of mercury and the related disposal issues for these products create offsetting environmental disadvantages."
"In reality, manufacturers are calling for a technology that is green throughout the product lifecycle. Our PHOLED technology meets this need and has the potential to be at the core of next generation products and devices for displays and lighting," Mr. Abramson concluded.
Over the past two years, Universal Display has reported consistent progress in the efficiency and lifetime of its PHOLED technology and materials. Earlier this month, the company presented recent advances in the efficiency, color and lifetime of white PHOLED devices for lighting applications. The company's research and development efforts have accelerated PHOLED technology closer to meeting the U.S. Department of Energy's solid-state lighting targets, as well as the requirements of Energy Star, a joint specification between DOE and U.S. Environmental Protection Agency.