Three founders of Novaled have been presented with the Deutscher Zukunftspreis 2011 prize for innovation in science and technology from German Federal President Christian Wulff.

Novaled AG, a manufacturer of OLED products and materials based in Dresden, Germany, has announced that three of its founders, Karl Leo, Jan Blochwitz-Nimoth and Martin Pfeiffer, have been awarded the Deutscher Zukunftspreis for 2011 by the Federal President Christian Wulff. The prize is worth EUR250,000.

The team of Leo, Blochwitz-Nimoth and Pfeiffer received the award in Berlin for their combined achievements in researching, developing and commercializing OLED technologies. The Deutscher Zukunftspries annual award honors creative teams for realizing breakthrough achievements in science and subsequently commercializing the technology. Wulff stated