Universal Display Corporation Funds $4.6M for OLED Research

Announced May 4, UDC (NASDAQ: PANL) signed an agreement with the University of Michigan, Princeton University and University of Southern California (USC) to sponsor up to $4.6 million in funding for OLED research under directions from Professors Stephen R. Forrest and Mark E. Thompson for the next three years. In the past, UDC's PHOLED phospherescent OLED technology and materials, 110 US patents and other developments were results of Professors Forrest and Thompson's research.

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