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Universal Display Corp. (NASDAQ:PANL)
Universal Display Corporation 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 1,200 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 high-quality, 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.
PANL today announced that it has entered into a technology license agreement with Panasonic Idemitsu OLED Lighting Co., Ltd., a joint venture between Panasonic Electric Works Co., Ltd. and Idemitsu Kosan Co., Ltd. Under the new agreement, Panasonic Idemitsu OLED Lighting (PIOL) will be licensed to integrate Universal Display’s proprietary UniversalPHOLED phosphorescent and other OLED technologies and materials into OLED lighting products.
For more information about Universal Display Corp. please visit http://www.universaldisplay.com/
Culp, Inc. (NYSE:CFI)
Culp, Inc. is one of the world’s largest marketers of mattress fabrics for bedding and upholstery fabrics for furniture. The company’s fabrics are used principally in the production of bedding products and residential and commercial upholstered furniture.
Culp, Inc. today reported financial and operating results for the first quarter of fiscal 2012 ended July 31, 2011. CFI net sales were $60.3 million, a 7.8 percent increase compared with the first quarter of fiscal 2011, with mattress fabrics segment sales up four percent and upholstery fabric segment sales up 12.4 percent over the same period a year ago.
The company also announced that its Board of Directors has authorized the expenditure of an additional $2.0 million, for a total authorization of $7.0 million, as part of the share repurchase program originally announced June 16, 2011.
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