OLED-TV Display/Monitor Technology News

Plextronics, Inc. announced today that it has entered into a three-year cooperative agreement with the U.S. Army Research Laboratory (ARL) to conduct research that will lead to flexible electronic products for soldiers. If funding continues to be available through the Department of Defense over the next three years, the agreement is worth up to $14.2 million.

Included in the 2007 Department of Defense appropriations bill, an appropriation of $1 million will be made available to Plextronics immediately for the first year of the project. If the program funding continues in years two and three, the company will seek additional government appropriations estimated at more than $8.4 million. During the program, Plextronics will also commit $4.7 million in cost-share expenses.

"It's an honor to have this opportunity to work with ARL and make advances in flexible electronics technology that could literally change the way our military communicates," said Andy Hannah, president and CEO of Plextronics. "As a company, we've always made it a point to focus on products and technology that have the ability to make a significant impact, and this project certainly reflects that mandate."

The cooperative agreement between ARL and Plextronics establishes the Flexible Electronics Research Initiative (FERI). FERI will focus on the advancement of material and device technology for flexible electronics, which offers benefits particularly relevant to military applications. The resiliency of these devices, for example, could increase the lifetime and reliability of current display applications in harsh environments.
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