Novaled wins Deutscher Zukunftspreis for OLEDs

BUSINESS WIRE — Organic light-emitting diode (OLED) company Novaled AG founders Professor Karl Leo, Dr. Jan Blochwitz-Nimoth, and Dr. Martin Pheiffer received the Deutscher Zukunftspreis from German Federal President Christian Wulff.

The Deutscher Zukunftspreis, the Federal President’s Award for Innovation and Technology, is an annual prize honoring teams of creative people that realize breakthroughs in science and commercialize the results. The prize is worth EUR250,000. See this year’s nominees here.

Professor Leo is associated with Technical University and Fraunhofer IPMS Dresden. Dr. Jan Blochwitz-Nimoth is chief scientific officer at Novaled AG. Dr. Martin Pfeiffer serves at Heliatek GmbH (organic solar photovoltaics [OPV] cells manufacturer).

"This team’s…research topic…can help us achieve a transition in energy," stated Mr. Wulff. Dr. Blochwitz-Nimoth called the award a "strong endorsement" of Novaled and its partners, adding that organic electronics can "appreciably improve our lives."

The winning team made remarkable developments in the field of Organic Electronics. At the Technical University of Dresden, the three scientists have developed unique OLED technology designed to drastically reduce energy consumption and increase the lifespan of such products. This will enable novel visionary applications, which also save on resources, to become a reality in various areas of our lives.

Leo, Blochwitz-Nimoth and Pfeiffer have established and developed a cutting-edge organic electronics cluster in Germany (Saxony). The spin-off Novaled successfully entered the market with OLED technology and materials, which are now being applied in a new generation of colorful flat panel displays (FPDs) for smartphones and other apps, energy-saving lighting, and efficient and flexible OPV. The company is known for its Novaled PIN OLED technology, its proprietary OLED materials and the customized OLED products and services. Novaled has developed long term partnerships with major OLED producers throughout the world. With over 500 granted and filed patents, Novaled enjoys a very strong intellectual property position.

Operating on the market since March 2003, the company was founded by TU Dresden (IAPP) and FhG (IPMS) Dresden. Novaled

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