Pixelligent Technologies Granted Department of Energy SBIR Phase I Award

BALTIMORE, MD--(Marketwired - Jan 24, 2014) - Pixelligent Technologies, manufacturer of PixClear™ and leading producer of advanced high index materials for demanding applications in the solid-state lighting, flat panel display, and optical components and films markets, announced today that it has been awarded a Small Business Innovation Research (SBIR) Phase I grant by the Department of Energy (DOE). The nine-month, $150,000 program will enable Pixelligent to accelerate the development of its proprietary nanocrystal dispersions for use in OLED lighting. As part of this program, Pixelligent will partner with OLEDWorks LLC, a leading OLED lighting company.

The SBIR program, established by the U.S. Congress, supports scientific excellence and technological innovation through the investment of federal research funds. The goal of the program, titled Advanced Light Extraction Material for OLED Lighting, is to develop an internal light-extraction structure that will be fully compatible with OLED device manufacturing processes and operating conditions that can expedite the commercialization of white OLED lighting. "As we continue working with the world's leading electronics and next generation lighting companies, we are excited to partner with OLEDWorks, one of the leading American manufacturers of OLED lighting solutions", commented Craig Bandes, President & CEO of Pixelligent Technologies.

"We are honored to receive this highly competitive grant from the DOE that recognizes the significant value our advanced materials can provide in Solid State Lighting (SSL) applications", commented Dr. Gregory D. Cooper, CTO & Founder of Pixelligent Technologies. "We have been working with Pixelligent for some time and believe the combination of its best in class high-index materials with OLEDWorks' expertise in OLED device development and manufacturing will help accelerate the market introduction of OLED lighting solutions", commented Michael Boroson, CTO of OLEDWorks.

Since 2012, Pixelligent has received three SBIR grants from the Department of Energy, totaling $1.3 million in funds to expedite the development of its advanced materials for commercial use.

About Pixelligent Technologies, LLC (www.pixelligent.com)
Pixelligent Technologies is an advanced materials company that is delivering next generation materials for Solid-State Lighting, Flat Panel Displays, Optical Components and Films. Pixelligent's PixClear™ product line delivers a high refractive index > 1.85, unparalleled transparency > 95%, and improved scratch resistance. PixClear™ can be easily incorporated into the most commonly used polymers, from acrylics and epoxies to silicones and spin-on glasses, all while using industry standard manufacturing processes.

About OLEDWorks LLC (www.OLEDWorks.com)
The experts at OLEDWorks are pioneers in the organic light-emitting diode (OLED) industry, and apply their 200+ years of collective experience in OLED technology to making advances in OLED lighting. The company's entrepreneurial approach enables responsive, creative and cost-effective solutions to OLED lighting challenges that outperform all other manufacturing solutions currently available. Headquartered in Rochester, N.Y., where OLED was discovered, OLEDWorks employs some of the world's foremost experts in OLED.