Universal Display (PANL) Awarded $750,000 SBIR Phase II Contract from U.S. Air Force

July 1, 2009 4:08 PM EDT

Universal Display Corporation (NASDAQ: PANL) announced that the company has been awarded a $750,000 Small Business Innovation Research (SBIR) Phase II contract from the United States Air Force Research Laboratory. Work under the program, titled "Low-Power, Direct-View Flexible Displays," will focus on the development of a non-glass, ejection-safe, flexible OLED display prototype for prospective use by pilots in tactical cockpit settings.

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