Universal Display Corp., a developer of organic light emitting diode (OLED) technologies for flat panel displays, lighting and other opto-electronic applications, announced a $130,000 cooperative agreement with the U.S. Department of Energy (DOE), through the Energy Efficient Building Technologies Funding Opportunity Announcement, to demonstrate a novel “smart window” concept. The agreement includes a $100,000 funding commitment from the DOE, plus an additional $30,000 cost-share contribution from Universal Display. The DOE funding commitment represents 77% of the program cost.

In this program entitled, “Novel Smart Windows Based on Transparent Phosphorescent OLEDs,” Universal Display and its partner, Princeton University, will employ its white PHOLED™ phosphorescent OLED and TOLED® transparent OLED technologies to demonstrate a novel smart window concept for residential and commercial buildings. By integrating these proprietary technologies with reflective modulating light shuttering techniques, the company seeks to demonstrate a device that can switch rapidly from being a highly efficient, solid-state white light source to being transparent for efficient daylight transmission.

OLED technology has been identified as a promising solid-state lighting technology by the DOE to help meet its energy targets. In a report prepared for the U.S. Department of Energy, more than $25 billion per year could be saved by 2025 if new solid-state lighting technologies, such as OLED technology, can be successfully adopted.

Contact: http://www.universaldisplay.com