For Universal Display:
Gregory FCA Communications
Media Contact: Matt McLoughlin
matt@gregoryfca.com
610-228-2123
Investor Contact: Joe Hassett
joeh@gregoryfca.com
610-228-2110
For more information contact:
Dean Ledger
800-599-4426
For Acuity Brands:
Karyn Gayle
karyn.gayle@acuitybrands.com
770-860-2461
Investor Contact: Dan Smith
dan.smith@acuitybrands.com
770-860-1423
Universal Display and Acuity Brands Announce $2 Million U.S. Department of
Energy SBIR Phase III Contract to Demonstrate Prototype Phosphorescent OLED
Lighting System for Commercial Application
Companies to demonstrate energy-efficient PHOLED lighting system with white color
tunability in program designed to accelerate lighting industry commercialization
Ewing, New Jersey and Atlanta, Georgia - November 2, 2010 – Universal Display
Corporation (NASDAQ: PANL), the company enabling energy-efficient displays and
lighting with its UniversalPHOLED™ technology and materials, and Acuity Brands, Inc.
(NYSE: AYI), a market leader in innovative energy efficient lighting and control solutions,
announced today that the companies are working together under a $2 million, U.S.
Department of Energy (DOE) Small Business Innovation Research (SBIR) Phase III
Xlerator grant to develop an energy-efficient and color-tunable phosphorescent OLED
lighting system. The objective of the collaboration is to accelerate market introduction of
OLED lighting for high-end commercial and institutional applications.
To build on the significant advances in Universal Display’s PHOLED panel performance
achieved in prior phases of this SBIR program, Universal Display has partnered with
Acuity Brands Lighting to support the development and commercial introduction of
PHOLED lighting systems during this Phase III Xlerator Program. Acuity Brands
Lighting will design and fabricate general-purpose lighting system prototypes, targeted
for high-end commercial spaces, including office, retail and health-care buildings, to take
advantage of several key attributes of OLEDs – including a thin, sleek form factor and
exquisite quality of light. In addition, the system will offer highly-efficient white light that
can be tuned across a range of color temperatures by using Universal Display’s
proprietary architecture and high-efficiency PHOLED panels. The ability to adjust the
color of white light in a single OLED panel adds flexibility and refinement to lighting
environments. This functionality is neither feasible nor practical when using traditional
light sources such as incandescent or fluorescent.
“Acuity Brands has been investing aggressively in advanced technologies and control
systems, innovations that will permeate the sustainable lighting solutions of the future for
our customers,” said Vernon J. Nagel Chairman, President and Chief Executive Officer,
Acuity Brands. “We are pleased to extend that commitment via this U.S. Department of
Energy Award and to work alongside Universal Display Corporation. We are confident
that initiatives such as this will facilitate the commercialization of advanced technologies
such as OLEDs,” Nagel said.
“We are very appreciative of this continued support from the U.S. Department of Energy
and this opportunity to partner with Acuity Brands Lighting, a world-leading manufacturer
of lighting systems and solutions,” said Steven V. Abramson, President and Chief
Executive Officer of Universal Display. “Our recent advances in white PHOLED lighting
panel performance, combined with the superb design capabilities of Acuity Brands
Lighting, position our team to demonstrate an elegant, state-of-the-art luminaire system
for a variety of commercial settings. By teaming with Acuity Brands Lighting under this
program we believe that we can, together, accelerate the development and commercial
introduction of PHOLED lighting systems.”
In 2009, lighting consumed 9.84 quads of primary energy, or about 25% of the total
electricity generated in the U.S. To reduce the ever-increasing demand for energy,
OLEDs, which are potentially highly energy-efficient and cost-effective diffuse light
sources, may offer a ‘green’ alternative to existing incandescent bulbs and fluorescent
tubes. OLEDs also offer unique design possibilities that may potentially revolutionize the
industry through novel, thin form factor lighting products. By employing Universal
Display’s PHOLED technology in luminaire systems like the one to be developed by
Acuity Brands Lighting during this program, significant energy savings and reduced
environmental impacts, such as lower greenhouse gas emissions, are possible. In
addition, this work has the potential to launch a new U.S. lighting industry sector that
may lead to additional “green” U.S. jobs while promoting U.S. technological leadership
for advanced energy systems.
About Universal Display Corporation
Universal Display Corporation (NASDAQ: PANL) is a leader in developing and delivering
state-of-the-art, organic light emitting device (OLED) technologies, materials and
services to the display and lighting industries. Founded in 1994, the company currently
owns or has exclusive, co-exclusive or sole license rights with respect to more than
1,000 issued and pending patents worldwide. Universal Display licenses its proprietary
technologies, including its breakthrough high-efficiency UniversalPHOLED™
phosphorescent OLED technology that can enable the development of low power and
eco-friendly displays and white lighting. The company also develops and offers highquality, state-of-the-art UniversalPHOLED materials that are recognized as key
ingredients in the fabrication of OLEDs with peak performance. In addition, Universal
Display delivers innovative and customized solutions to its clients and partners through
technology transfer, collaborative technology development and on-site training.
Based in Ewing, New Jersey, Universal Display works and partners with a network of
world-class organizations, including Princeton University, the University of Southern
California, the University of Michigan, and PPG Industries, Inc. The company has also
established relationships with companies such as AU Optronics Corporation, Chimei
Innolux Corporation, DuPont Displays, Inc., Konica Minolta Technology Center, Inc., LG
Display Co., Ltd., Samsung Mobile Display Co, Ltd., Seiko Epson Corporation, Sony
Corporation, Showa Denko K.K., and Tohoku Pioneer Corporation. To learn more about
Universal Display, please visit www.universaldisplay.com.
About Acuity Brands
Acuity Brands, Inc. is a North American market leader and one of the world’s leading
providers of luminaires, lighting control systems and related products and services with
fiscal year 2010 net sales of over $1.6 billion. The Company’s lighting and system
control product lines include Lithonia Lighting®, Holophane®, Peerless®, Mark
Architectural Lighting™, Hydrel®, American Electric Lighting®, Gotham®, Carandini®,
RELOC®, MetalOptics®, Antique Street Lamps™, Tersen®, Renaissance Lighting®,
Winona Lighting®, Synergy® Lighting Controls, Sensor Switch®, Lighting Control &
Design™, and ROAM®. Headquartered in Atlanta, Georgia, Acuity Brands employs approximately 6,000 associates and has operations throughout North America, Europe and
Asia.
Universal Display Corporation and the Universal Display logo are trademarks or
registered trademarks of Universal Display Corporation. Acuity Brands is a registered
trademark of Acuity Brands, Inc. All other company, brand or product names may be
trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to Universal Display Corporation’s
or Acuity Brands Inc.’s technologies and potential applications of those technologies, are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to
place undue reliance on any forward-looking statements in this document, as they reflect Universal Display
Corporation’s and Acuity Brands, Inc.’s current views with respect to future events and are subject to risks and
uncertainties that could cause actual results to differ materially from those contemplated. These risks and
uncertainties are discussed in greater detail in Universal Display Corporation’s and Acuity Brands, Inc.’s
periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in
particular, the section entitled “Risk Factors” in Universal Display Corporation’s annual report on Form 10-K for
the year ended December 31, 2009 and Acuity Brands, Inc.’s annual report on Form 10-K for the year ended
August 31, 2010. Universal Display Corporation and Acuity Brands, Inc. disclaim any obligation to update any
forward-looking statement contained in this document.
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