Recently, Universal Display Corporation, an innovator behind today's and tomorrow's displays and lighting through its UniversalPHOLED(TM) phosphorescent OLED technology, announced that the company's research advances in white OLED lighting performance was honored by the U.S. Department of Energy (DOE) during the DOE's Annual Solid-State Lighting Workshop. With the support of the DOE, Universal Display has been working on developing highly-efficient white OLEDs for use in myriad lighting applications.

Dr. James Brodrick, DOE Lighting Program Manager, recognized Universal Display's achievement in setting efficiency records for white OLED lighting. Dr. Michael Hack of Universal Display also spoke about recent advances and Universal Display's development of white OLED lighting in a presentation titled "Pushing the Envelope for White OLED Efficiencies. In particular, Dr. Hack highlighted Universal Display's 2008 demonstration of a white OLED light source with record luminous efficiency of 102 lm/W, a significant leap forward in OLED efficiency. That milestone placed OLED development well on the way to achieving the DOE's target of a 150 lm/W OLED lighting device by 2015.

According to Steven V. Abramson, the President and Chief Executive Officer of Universal Display, the DOE's support of their ongoing research has been very important in helping them to drive advances in white OLED lighting performance. They are appreciative of the DOE's support and proud of the hard work and ingenuity demonstrated by their team. Through this work, they continue to leverage the energy-efficiency of their UniversalPHOLED(TM) phosphorescent OLED technology to demonstrate white OLED performance with the potential for commercial OLED lighting products in the foreseeable future.

James Brodrick, Lighting Program Manager of DOE, indicated DOE will continue to work with Universal Display and other lighting research partners who believe that solid-state lighting solutions using OLED have the potential to play a key role in providing cost-effective, energy-saving alternatives for general lighting applications. The DOE has made a long-term commitment to advance the development and market the introduction of energy-efficient white lighting sources for general illumination.

According to industry estimates, electric bills for lighting alone are over $200 billion per year on a worldwide basis. It has been estimated that by 2016, white OLEDs could generate well over $20 billion in worldwide savings of electricity costs and could save over nine million metric tons of carbon emissions from the U.S. alone. Today, Universal Display's proprietary PHOLED technology and materials are in commercial use for the production of low power consumption OLED displays for a variety of portable electronics applications. In these products, and emerging OLED applications such as televisions, PHOLEDs provide excellent performance characteristics that translate into energy savings, environmental benefits and cost effectiveness. Similar benefits can be derived from the use of OLEDs for lighting.

About Universal Display Corporation
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. Universal Display is working with a network of world-class organizations, including Princeton University, the University of Southern California, the University of Michigan, and PPG Industries, Inc. Universal Display currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 850 issued and pending patents worldwide.

Universal Display is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey. The Company's state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and work with customers to develop OLED products that meet their needs. Visit Universal Display on the Web at www.universaldisplay.com.