Universal Display, a company that develops and delivers organic light emitting device (OLED) technologies and materials, along with Moser Baer Technologies, has bagged $4m contract for a two-year program titled 'Creation of a US Phosphorescent OLED Lighting Panel Manufacturing Facility', from the US Department of Energy (DOE) under the American Recovery and Reinvestment Act.

Under the new program, Universal Display will demonstrate the scalability of its Universal PHOLED technology and materials for the manufacture of white OLED lighting panels that meet commercial lighting targets.

Moser Baer Technologies, a US subsidiary of Moser Baer India, will design and build the US-based pilot facility during this program.

This two-year program is part of the DOE’s commitment to advancing the development and introduction of energy-efficient white OLED lighting sources for general illumination, which has been viewed as a technology capable of introducing lighting to reduce the global carbon footprint of residential and commercial lighting.

According to industry estimates, electric bills for lighting alone are over $200bn per year on a worldwide basis. It has been estimated that by 2016, white OLEDs could generate well over $20bn in worldwide savings of electricity costs and could save over nine million metric tons of carbon emissions from the US alone.

The company claims PHOLED technology and materials have been demonstrated to provide up to a four times improvement in energy efficiency. Through their use, power-efficient white PHOLEDs have the potential to reduce energy consumption, environmental impacts and white lighting costs, the company adds.