Universal Display (PANL) Awarded $650K U.S. Army Contract; Extends Joint Fabrication Relationship
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Universal Display Corporation (NASDAQ: PANL) today announced that they have strengthened their collaboration to extend to the joint fabrication of prototype active-matrix PHOLEDs on flexible plastic substrates for the U.S. Department of Army. In addition, Universal Display announced that the company has been awarded a $650,000 U.S. Army Small Business Innovation Research (SBIR) Phase II Enhancement contract to support this work.
Universal Display, a charter FDC member since its founding in 2004, and the FDC believe that their enhanced strategic relationship will accelerate the demonstration of high-performance, active-matrix PHOLEDs on flexible plastic substrates for the U.S. Army and others. Earlier this year the FDC and Universal Display demonstrated a 4.1" monochrome quarter video graphics array (QVGA) amorphous-silicon (a-Si:H) PHOLED display produced on DuPont Teijin's polyethylene naphthalate (PEN) substrate.
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