Feb 17 2010
Universal Display Corporation (NASDAQ: PANL), enabling energy-efficient displays and lighting with its UniversalPHOLED™ technology and materials, today announced that the company has been honored by the U.S. Department of Energy (DOE) for its advances in white OLED lighting performance. The company was recognized during ‘Transformations in Lighting’, the DOE’s annual Solid-State Lighting (SSL) Workshop, held February 2-4 in Raleigh, NC.
Dr. James Brodrick, Lighting Program Manager, U.S. Department of Energy, recognized Universal Display for achieving significant advances in 2009 in its white OLED power efficiency through its UniversalPHOLED technology and materials. Universal Display has been focusing on further increasing the efficiency and lifetime of its white PHOLEDs, as well as scaling its record-breaking, research-scale PHOLED results (typically reported on pixels approximately 2 mm x 2 mm in size) to commercial-sized, 15 cm x 15cm panels. Toward this goal, the company demonstrated a 68 lm/W white OLED lighting device, 5 cm x 5 cm in size, in 2009.
“The Department of Energy is pleased to recognize the Universal Display research team for their breakthrough achievements in 2009,” noted James Brodrick, Lighting Program Manager, U.S. Department of Energy. “Universal Display is driving advances in OLED technology and manufacturing processes that will make OLED lighting a cost-effective, energy-saving alternative for general lighting applications. Their efforts – and those of many other lighting research partners – will support the United States as a global leader in this rapidly evolving technology.”
The DOE supports solid-state lighting research and development to accelerate market introduction of high-efficiency, high-performance SSL products. Through the use of Universal Display’s PHOLED technology, power-efficient white OLEDs have the potential to reduce energy consumption dramatically and to lower the amount of by-product heat, which creates additional energy and environmental burdens. The DOE has stated that white OLEDs could save well over 3.48 quads of energy (NCI, 2006), or $26.6 billion in electric costs (EIA, 2007) and approximately 103 million metric tons of carbon in the U.S. in 2027.
“It is an honor to be recognized again this year by the U.S. DOE, and we appreciate the Department’s continued support of our white OLED lighting program,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “Our proprietary UniversalPHOLED technology and materials continue to drive energy efficiency and performance advances for displays and lighting. Through our efforts to scale our PHOLED technology and materials for larger-sized panels, we are making significant headway toward commercial readiness for white OLED lighting products.”