Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that it has entered into an agreement to acquire Adesis, Inc. Adesis is a privately held contract research organization (CRO) with 43 employees specializing in organic and organometallic synthetic research, development, and commercialization. Adesis is a critical technology vendor to companies in the pharmaceutical, fine chemical, biomaterials, and catalyst industries, and has worked with Universal Display over the last few years to help advance and accelerate a number of Universal Display’s product offerings.

The Lighting Research Center (LRC) at Rensselaer Polytechnic Institute is expanding its research, education, and industry activities to organic light-emitting diodes, also known as OLEDs, by establishing the OLED Lighting Education and Application Program (OLED-LEAP) at the LRC. The goals of this new program are to help New York-based companies develop energy-efficient OLED lighting products and to help create market demand for lighting products that deliver value.

LG Display is in the process of setting up an OLED alliance comprised of Chinese, Japan and U.S. companies to promote its OLED panel business, according to a recent report by The Korea Times.

Universal Display Corporation, enabling energy-efficient displays and lighting with itsUniversalPHOLED® technology and materials, announced today that the company has been named to the Barron's 400 Index, a measure of the most promising companies in America. The Index is based on companies that perform exceptionally in 24 fundamental areas of fundamental performance.

Korea’s Ministry of Trade, Industry and Energy (MOTIE) recently announced plans of investing KRW 22 billion (US $21.5 million) to set up a OLED lighting industry support fund over a period of five years, according to a report by Korea IT News.

Targeting the US $5.6 billion indoor lighting market, Taiwan has recently set up an Organic Light-emitting Diode Lighting Commercialization Alliance (OLCA), according to a China Post report.