Specifically, the funding will be used to further improve efficiency and lower the costs of flexible OLED lighting panels, which will help reduce energy consumption while simultaneously providing healthier, unique lighting solutions that are cost competitive in the mainstream lighting markets.
“This federal funding is the perfect shot in the arm for the Rochester-Finger Lakes economy and for OLEDWorks, which will use it to fuel its groundbreaking research and development of cost- and energy-efficient lighting,” said Sen. Schumer.
“This federal funding is great news for OLEDWorks and the entire Rochester community,” said Sen. Gillibrand. “OLEDWorks is a global innovator in high-efficiency lighting, and supporting this local business will help drive economic growth throughout the region.”
“OLED light is a naturally glare-free light source with no UV or blue light risk,” said Michael Boroson, CTO at OLEDWorks. “As Asian governments are increasing their support of companies entering the OLED lighting market, the DOE’s ongoing support is critical to increasing American high-tech manufacturing jobs and sustaining the United States leadership position in this rapidly emerging technology and market.”