Novaled Nominated for CleanTech 100 Award

Novaled AG, the world leader in power efficient and long living Organic Light Emitting Diodes (OLEDs) is nominee of the 2008 CleanTech 100, a grant awarded by The Guardian Library House every year.

Novaled is nominated in the category ‘electrical’ with its unique doping technology. The company develops a new OLED generation for visionary lighting and display applications and other Organic Electronics (OE) like Organic Solar Cells and Organic Transistors.

Clean technology is attracting billions of dollars of investment and carries the hope of a low-polluting and sustainable future. By considering growth potential and environmental impact potential, the Guardian Library House 2008 CleanTech 100 formed a collection of 100 companies among those most likely to change the world. Library House’s expertise lies in tracking fast-growth innovation-based private companies in different sectors.

Novaled keeps world records in highest power efficiencies for OLEDs, which are up to three times more energy efficient than non-Novaled technology OLEDs. Novaled OLEDs also have longest lifetimes, e.g. for red color OLEDs of up to 1 million hours (corresponding to 100 years) in permanent operation. Another advantage of OLEDs in comparison to other lighting sources like energy saving bulbs is that the devices don‘t use mercury, a very problematic material for health and environment.

‘We are delighted to be rewarded for our efforts in being a company that has a stake in how our world develops and to be seen as one of the most promising private companies in Europe focusing on clean technology’, says Harry Böhme, CFO of Novaled. ‘With our Novaled PIN OLEDTM technology we contribute significantly to reducing the power consumption in OE applications like future ultra flat displays and innovative lighting applications.’