Universal Display Corporation (PANL) Awarded Two $750,000 U.S. Department of Energy Contracts

October 22, 2008 12:27 PM EDT

Universal Display Corporation (NASDAQ: PANL) announced that it has received two $750,000 United States Department of Energy (DOE) Small Business Innovation Research (SBIR) Phase II contracts. Work under these contracts will focus on demonstrating further advances in the performance of Universal Display's white OLED technology toward meeting the DOE's targets for solid-state lighting.

Universal Display Corporation is a world leader in developing and commercializing innovative OLED technologies and materials for use in flat panel displays, solid-state lighting products, electronic communications and other opto-electronic devices.
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