Universal Display Gets U.S. Department of Energy SBIR Phase I Grant
Universal Display Corporation (NASDAQ: PANL), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that the company has been awarded a $149,997 Small Business Innovation Research (SBIR) Phase I program from the U.S. Department of Energy (DOE). Under a program titled “Novel Low Cost Single Layer Outcoupling Solution for OLED Lighting,” the company will evaluate and demonstrate thin form factor outcoupling techniques to improve the energy-efficiency and cost-effectiveness of white OLED lighting panels.
Outcoupling techniques increase the amount of light that is emitted from an OLED lighting panel. To date, no one has demonstrated an approach to achieve desired extraction efficiency targets in a thin form factor and cost-effective manner. The company's novel single layer approach has the potential to increase the light extraction by greater than a factor of two while being cost-effective and compatible with low-cost OLED manufacturing techniques.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.