PANL, Plextronics expand OLED partnership to cover hole injection, transport materials

July 20, 2012 – BUSINESS WIRE — Universal Display Corporation (NASDAQ:PANL), OLED patent licensor and supplier of materials and technologies for energy-efficient OLED displays and lighting, formed a strategic alliance with Plextronics, Inc., maker of printed electronics technologies, to accelerate the development and commercialization of solution-based organic light-emitting diode (OLED) material systems. The companies will combine Plextronics’ hole injection and hole transport materials with Universal Display’s phosphorescent OLED emissive layer materials. The aim is to enable OLED manufacturing with ink-jet, nozzle, or other cost-effective, solution-processing techniques

The joint development agreement covers 3 years, and Universal Display made a $4 million investment in Plextronics.

Plextronics’ Plexcore HIL materials for phosphorescent OLED applications were developed with Universal Display for PANL’s UniversalP2OLED platform. The results of that collaboration compelled the companies to expand their joint work to cover hole transport layer materials.

The OLED materials systems will target display and lighting applications.

Plextronics, Inc. is an international technology company that specializes in conductive polymers and printable formulations that enable advanced electronic devices. The company develops customized inks to enhance the performance of OLEDs for next generation displays and lighting applications, lithium ion batteries, polymer metal capacitors, and emerging organic electronic devices. It was founded in 2002 as a spinout from Carnegie Mellon University based upon conductive polymer technology developed by Dr. Richard McCullough. For more information about Plextronics, visit www.plextronics.com.

Universal Display Corporation (Nasdaq: PANL) supplies state-of-the-art, OLED technologies, materials and services for the display and lighting industries. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED phosphorescent OLED technology that can enable the development of low power and eco-friendly displays and white lighting. The company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials. In addition, Universal Display delivers customized solutions through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display, please visit www.universaldisplay.com.

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