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News Article

Organic Thin-Film Semiconductor Laser Patent Announced by Universal Display Corporation

Source: Universal Display Corporation

Ewing, NJ. Universal Display Corporation (UDC) (Nasdaq: PANL; PHLX: PNL), a developer of an innovative flat panel display technology based on organic light emitting devices (OLEDs), announced today that its Research Partners, Princeton University and The University of Southern California (USC), have received a patent for an Organic Semiconductor Laser, U.S. patent number 6,111,902. UDC has the exclusive worldwide license for this and associated patents.

The solid-state light-emitting device incorporates a thin-film of organic material and operates similarly to inorganic semiconductor lasers. In addition to anticipated lower power consumption and lower manufacturing costs, it is believed that the organic laser will be more versatile than today s solid state lasers because organic substances can be relatively easily manipulated to emit light from the ultraviolet to infrared.

It is believed that a commercial organic semiconductor laser can have great potential for the electronics industry and the multi-billion dollar semiconductor laser market. Many consumer and technology products, including CD/DVD disk reading, fiber optics communications, microcircuit manufacturing, games and entertainment systems would benefit from lower power requirements and lower costs of Thin-Film Organic Semiconductor Lasers. The next step towards commercialization is developing an electrically pumped Organic Semiconductor Laser.

About Universal Display Corporation

UDC has been developing OLED technology with Princeton University and The University of Southern California (USC) since 1994. These partnerships continue to be committed to the innovative research and commercialization of this proprietary technology. UDC has the exclusive license to 31 US patents relating to OLED technology, and has more than 50 US patents pending. Patents have also been issued in 8 foreign countries and there are numerous patents pending worldwide.

Universal Display Corporation (www.universaldisplay.com) is located in the Princeton Crossroads Corporate Center, Ewing, New Jersey, minutes away from its Research Partners at Princeton University. Its 11,000 sq. ft facility includes a pilot production line as well as technology development and technology transfer facilities. With more than 2,500 square feet of clean room space, this state-of-the-art facility is ideal to further technology development, technology transfer to manufacturing partners and work with customers to develop products to meet their needs for electronic flat panel displays.

All statements in this news release that are not historical are forward- looking statements subject to risks and uncertainties that could cause actual results to differ materially for Universal Display Corporation from those projected, including, but not limited to: uncertainties relating to technological approaches, product development, manufacturing, and marketing acceptance, uncertainties related to cost and pricing of Universal Display products, dependence on collaborative partners, and other competition, risks relating to intellectual property of others and the uncertainties of patent protection. These are discussed in periodic reports filed with the SEC, including the Company s annual report on Form 10-K for the year ended December 31, 1999 and quarterly report on Form 10-Q. Universal Display Corporation expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Universal Display Corporation s expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.

Contact: Stephanie Hammernik of Minkus & Dunne PR Tel: 312-541-8787 shamernik@minkus-dunne.com for Universal Display Corporation

 

Stephanie Hammernik of Minkus & Dunne PR
Tel: 312-541-8787
shamernik@minkus-dunne.com for Universal Display Corporation
 
E-mail: shamernik@minkus-dunne.com
Web site: http://www.universaldisplay.com
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