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Universal Display Corp. Q1 2008 Earnings Call Transcript

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2008-05-27 15:40:29.0

Tags: Universal Display Corp.

Question-and-Answer Session

Operator

(Operator Instructions) We'll pause for just a moment to compile the Q-and-A roster. Your first question comes from Darice Liu with Maxim Group.

Darice Liu - Maxim Group

Hi, Darice Liu with Maxim. Good afternoon, guys. In terms of your molecules, your red has had much pessimist yield. I'm wondering whether or not there has been any progress for design wins with your green molecule?

Sid Rosenblatt

Well, the first products that were launched include green florescent materials. And, since there's really not a well-defined new product design cycle in place yet in the OLED industry, it's really difficult for us to determine when green PHOLED will be accepted. We have hit some key technology development and milestones to the launch the evaluation of our green PHOLED by manufacturers. But at this time, we really can't say specifically when one or more manufacturer will incorporate our green into the product. We are working with a number of manufacturers to get that done, obviously, as soon as possible.

Darice Liu - Maxim Group

You had prior test with SDI with your green. And, if I remember correctly, they were successful in terms of hitting their target, but not yet designed in. How much more -- is there more progress that's seen for the molecules?

Sid Rosenblatt

We continually work with them and we believe that at some point when they change their product design cycle, we will be incorporated in. And there has been, work being done over the last few months with our green material with SDI. But again, we -- it's difficult for us to say exactly when it will be incorporated. We clearly are working as hard as we can to get it done as soon as possible.

Darice Liu - Maxim Group

Okay. And then on a separate note, you had an alliance with DuPont Display since I think 2002. Yesterday DuPont announced that they would work with [DNS] for developing printed OLED technology. What type of implications does that have with your relationship with them?

Steve Abramson

Well, Darice, we had a joint-development agreement with DuPont for about three years, which ended, I think in 2005. And DuPont is also a device licensee of our technology for printing, for solution process inkjet printing. So, anything that would increase the acceleration of the phosphorescent and printed OLED market should be good for us.

Darice Liu - Maxim Group

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