• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Shape the Future

A tiny technology to brighten skyscrapers

By
Megan McCarthy
Megan McCarthy
and
Andrew Zaleski
Andrew Zaleski
Down Arrow Button Icon
By
Megan McCarthy
Megan McCarthy
and
Andrew Zaleski
Andrew Zaleski
Down Arrow Button Icon
December 29, 2014, 8:22 AM ET
PIxelligent
handoutPhotograph by Dakota Fine

The technology that makes for a brighter display on your smartphone is primed for a revolution in the next five years—one that will also make it cheaper and more practical for businesses to illuminate their commercial office buildings. There’s one problem, though. Fixtures using organic light-emitting diode (OLED) technology cost thousands of dollars each. What’s more, because OLED lighting involves sending electricity through multiple, millimeters-thick layers, the light emitted at the bottom of the stack can be as low as 25% of what could be emitted if light didn’t become trapped in higher layers. Pixelligent Technologies in Baltimore is developing lubricant-coated nanocrystals that form tentacles to prevent clumping, allowing more light to pass through. Placed in an OLED panel, the nanocrystals help release twice as much light—“at a fraction of the cost it would take to create those lumens any other way,” CEO Craig Bandes says. The goal? Replace aging office lighting with an OLED alternative and reap the savings. NanoMarkets, a market research firm, estimates that OLED lighting could total $1.4 billion in sales by 2019. Pixelligent is still perfecting its nanocrystals, but it has already signed deals to increase production. Talk about a bright spot.

This story is from the January 2015 issue of Fortune.

For more stories from our Shape the Future package, click here.

About the Authors
By Megan McCarthy
See full bioRight Arrow Button Icon
By Andrew Zaleski
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.