Universal Display Corp. has signed agreements with the University of Michigan, Princeton University and the University of Southern California to continue sponsoring research in organic light emitting diode (OLED) technology. Universal Display (Ewing, N.J.) will provide up to $4.6 million in funding to sponsoring organic electronics under the direction of Professors Stephen R. Forrest and Mark E. Thompson at their respective institutions over the next three years.
The company has already funded over $7.5 million in sponsored research at Princeton University and the University of Southern California since 1994.
Patents derived from the research program will continue to be licensed exclusively to Universal Display, with Princeton University managing the patent portfolio on behalf of all three universities.
Both scientists recently claimed a breakthrough for organic light-emitting diodes as a flat, energy-efficient natural light source. The scientists also conducted work on phosphorescent OLED technology and materials, materials and device structures for transparent OLEDs, small-molecule flexible OLEDs, and high-efficiency white OLED technology.
