Universal Display Corp. awarded small business innovation grant

   Ewing-based Universal Display Corp. (Nasdaq: PANL), a developer of phosphorescent OLED illumination technology, announced that it has been awarded a $750,000 Small Business Innovation Research Phase II grant from the U.S. Department of Energy under the DOE’s solid-state lighting program.
   Work under Phase II of the SBIR grant will focus on the demonstration of a simpler white OLED design that should reduce manufacturing costs, without compromising performance, a UDC release said. The new white OLED design will use two PHOLED emitters that will be specially designed to emit broadly so that the color spectrum can be optimally covered. The device is targeted to have a high color rendering index, important for lighting applications, as well as power efficiency.