• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • 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

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
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

Latest in

BankingCredit cards
Trump calls for one-year cap on credit card rates at 10%
By Romy Varghese and BloombergJanuary 10, 2026
4 hours ago
InvestingFintech
Asian households still save as much as half their wealth in cash. Fintech platforms like Syfe want to change that
By Angelica AngJanuary 9, 2026
5 hours ago
PoliticsRepublican Party
Fractures start to show in Trump’s GOP as some Republicans push back on Greenland, Venezuela, and health care
By Stephen Groves and The Associated PressJanuary 9, 2026
9 hours ago
EconomyVenezuela
Facing a 682% inflation rate, Venezuelans work three or more jobs and still can barely afford any food. ‘Everything is so expensive’
By Regina Garcia Cano, Matt Sedensky and The Associated PressJanuary 9, 2026
9 hours ago
Secretary of State Marco Rubio looks on as US President Donald Trump speaks to the press following US military actions in Venezuela, at his Mar-a-Lago residence in Palm Beach, Florida.
EnergyDonald Trump
Trump pushes for $100 billion in oil investments in Venezuela while Exxon and others say it’s currently ‘uninvestable’ without major reforms
By Jordan BlumJanuary 9, 2026
9 hours ago
FBI
LawMinnesota
Minneapolis shooter revealed as Jonathan Ross, Iraq War veteran with nearly two decades of Border Patrol, Immigration experience
By Ryan J. Foley and The Associated PressJanuary 9, 2026
10 hours ago

Most Popular

placeholder alt text
North America
Bill Gates warns the world is going 'backwards' and gives 5-year deadline before we enter a new Dark Age
By Eleanor PringleJanuary 9, 2026
19 hours ago
placeholder alt text
Success
Diary of a CEO founder says he hired someone with 'zero' work experience because she 'thanked the security guard by name' before the interview
By Emma BurleighJanuary 8, 2026
2 days ago
placeholder alt text
Workplace Culture
Amazon demands proof of productivity from employees, asking for list of accomplishments
By Jake AngeloJanuary 8, 2026
2 days ago
placeholder alt text
Politics
White House says it's 'reviewing protocols' after Trump seemingly violated federal policy by disclosing jobs data early
By Eva RoytburgJanuary 9, 2026
13 hours ago
placeholder alt text
Crypto
Russia and Iran are increasingly turning to crypto—especially stablecoins—to avoid sanctions, report finds
By Carlos GarciaJanuary 8, 2026
2 days ago
placeholder alt text
Real Estate
Google billionaire Larry Page copies the Jeff Bezos playbook, buying a $173 million Miami compound that will save him millions in taxes
By Nick LichtenbergJanuary 8, 2026
2 days ago

© 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.