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Novaled and Ciba Specialty Chemicals Enter Industrial Collaboration in OLED Materials

Posted on: Wednesday, 12 April 2006, 09:01 CDT

Novaled and Ciba Specialty Chemicals announce an industrial collaboration in the field of OLED materials. Ciba Specialty Chemicals will produce the unique organic dopant and transport materials developed by Novaled.

The unique organic dopant and transport materials for its proprietary OLED technology Novaled PIN OLED(TM) allow OLED devices to perform with the highest power efficiency. While Ciba Specialty Chemicals will produce these materials using its specific know how in the synthesis of organic materials in reliable highest purity, Novaled will continue to market the materials. The two companies will also collaborate in the development of future OLED products and platforms based on the Novaled's technology and materials.

"We are pleased to leverage our production know how in the synthesis of functional materials in this collaboration with Novaled", comments Rolf Drewes, Head of the Business Line Electronic Materials at Ciba Specialty Chemicals. "This collaboration complements our other activities in the area of OLED products, which includes the development and production of electroluminescent materials based on fluorescent, phosphorescent as well as polymeric luminophores."

"The agreement with Ciba Specialty Chemicals will secure delivery of our materials in high quality and volume to our customers worldwide" states Gildas Sorin, CEO of Novaled. "Ciba's experience in bringing advanced organic materials to the electronics market is a seal of product quality and supply stability in an industrial environment for our customers."

OLEDs are Semiconductors made from thin layers of organic material only a few nanometers thick, which emit light. In a fast growing market OLEDs are key parts of a revolution: the dream of paper thin, flexible, higly efficient displays with brilliant colours and high contrast is becoming reality. OLEDS represent the future of ultra flat panel displays as well as a vast array of new lighting applications.

About Novaled

Novaled AG is engaged in the research, development and commercialization of organic light-emitting diode (OLED) technologies and proprietary materials. The Company is a spin-off of the Dresden University and the Fraunhofer-Gesellschaft. Main investors are Credit Agricole Private Equity, TechnoStart, TechFund Capital Europe and CDC Entreprises Innovation.

Founded in 2001, Novaled experienced a rapid growth maturing into a world-class company. Novaled commercializes its Novaled PIN OLEDTM technology along with its proprietary OLED materials to display makers and lighting companies. The company has a strong IP position in OLED technology based on more than 160 patents granted or pending.

About Ciba Specialty Chemicals

Ciba Specialty Chemicals' key products currently offered to the electronics industry include pigments and photoinitiators for colors filters in liquid crystal displays (LCDs), electroluminescent materials and light stabilizers for organic light-emitting diodes (OLEDs), functional dyes for optical information storage and photo acid and photo base generators for microelectronics. For more information see www.cibasc.com/electronicmaterials

Ciba Specialty Chemicals (SWX: CIBN, NYSE: CSB) is a leading global company dedicated to producing high-value effects for its customers' products. We strive to be the partner of choice for our customers, offering them innovative products and one-stop expert service. We create effects that improve the quality of life - adding performance, protection, color and strength to textiles, plastics, paper, automobiles, buildings, home and personal care products and much more. Ciba Specialty Chemicals is active in more than 120 countries around the world and is committed to be a leader in its chosen markets. In 2005, the Company generated sales of 7.4 billion Swiss francs and invested over 300 million Swiss francs in R&D.

Source: Business Wire

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