UDC

Revenues for the first quarter of 2008 were $2,716,819, compared to $3,014,630 for the first quarter of 2007. Commercial revenue, which includes commercial chemical revenue, license fees and royalty income, increased to $1,555,065 for the first quarter of 2008, from $1,440,900 for the first quarter of 2007. Developmental revenue, which includes contract research revenue, technology development revenue and development chemical sales, decreased for the first quarter of 2008 to $1,161,754, compared to $1,573,730 for the first quarter of 2007. Universal Display believes these revenue categories, which now combine accounts previously reported separately, better reflect the Company’s business strategies and activities.

Universal Display Corporation today announced the successful development and delivery of a novel OLED display prototype to the U.S. Army. The prototype demonstrates the world’s first flexible OLED display that incorporates both visible green emission for daytime operation and infrared (IR) emission for use in dark environments.

In April 2008, we had the chance of interviewing Mary Kilitziraki, Fast2Light's project manager. Fast2Light is an integrated (9 companies, 3 research institutes and 2 universities) R&D project that aims to research and develop light emitting foils based on OLED tech.

LG Chem and Universal Display Corporation today announced that they have signed a non-exclusive joint development agreement to accelerate the commercialization of high-performance OLED materials for use in OLED displays and lighting products. The collaboration will focus on combining LG Chem's electron transport and hole injection materials with Universal Display's phosphorescent OLED emitter materials and technology.

For the fourth quarter of 2007, the Company reported a net loss of $3,256,104, versus a net loss of $4,408,826 for the fourth quarter of 2006. The Company’s net loss for the year ended December 31, 2007 was $15,975,841, compared to a net loss of $15,186,804 for the year ended December 31, 2006.

The DOE is giving 21M$ for several companies to research advanced lighting. OLED is one such technologies. Here's a list of OLED projects getting funded:

• Add-Vision : Low-Cost, High Efficiency Polymer OLEDs Based on Stable p-i-n Device Architecture. This project seeks to develop a polymer OLED (P-OLED) lamp technology using advanced material synthesis and a modified device architecture to enable large-scale manufacturing of robust P-OLED lamps.
  Project Value: $ 2,010,076
  Estimated DOE contribution: up to $ 1,567,858
  
• DOE’s Pacific Northwest National Laboratory (Richland, WA): Charge Balance in Blue Electrophosphorescent Devices. This project seeks to develop new organic phosphine oxide electron transporting/hole blocking materials in combination with ambipolar phosphine oxide host materials for achieving charge balanced blue phosphorescent OLED system, a necessary component of white OLEDs.
  Project Value: $ 1,783,000
  
• Arkema Inc. (King of Prussia, PA): Application of Developed Atmospheric pressure chemical vapor deposition (APCVD) Transparent Conducting Oxides and Undercoat Technologies for Economical OLED Lighting. This project seeks to develop a commercially viable process for an OLED substrate, which would consist of the actual substrate of soda lime glass, a barrier undercoat, and a transparent conducting oxide.
  Project Value: $ 2,626,632Estimated
  DOE contribution: up to $ 2,101,305
  
• Universal Display Corporation (Ewing, NJ): Development of High Efficacy, Low-Cost Phosphorescent OLED Lighting Luminaire. This project seeks to develop high efficiency OLED lighting luminaires as part of an integrated ceiling illumination system.
  Project Value: $ 2,662,489
  Estimated DOE contribution: up to $ 1,905,467
  

Idemitsu Kosan and Universal Display Corporation today announced that they have signed an agreement to extend their collaboration to accelerate the development of phosphorescent OLED materials for use in displays fabricated through “dry” processing methods, such as vacuum thermal evaporation. The agreement expands the collaboration into red and green phosphorescent OLED materials, in addition to the blue materials that the two companies have been collaborating to develop since December, 2006.

With a power efficiency of 45 lumens/Watt (lm/W) demonstrated to date and the possibility of achieving up to 150 lm/W with additional development in the future, white phosphorescent OLED lighting has the potential to lead to significant energy savings and additional environmental or ‘green’ benefits. Additionally, the very thin and transparent form factor of this new lighting concept offers numerous design advantages that may enable a variety of novel uses as compared to existing incandescent and fluorescent lighting products.

Gizmodo has an exclusive video from UDC - a couple of their flexible screens being attacked by hammers, and surviving. It's a bit silly, but it's cool nonetheless. One of the screens is the one they announced together with LG in May 2007.