Announces Appointment of Soo Yung Jung to Vice President of UDC
Korea
UDC Korea, a wholly owned subsidiary of Universal
Display Corporation (Nasdaq: OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED®
technology and materials, announced today the opening of its new
headquarters in Pangyo Techno Valley. The new facility will serve as the
central point of UDC’s South Korean operations and provide space for
customer support teams, technology projects and on-site meetings and
events. Additionally, Soo Yung Jung has been appointed Vice President of
UDC Korea to oversee business operations in Korea, including development
efforts with current and new partners. Jung has an extensive electronics
and materials engineering background that spans over two decades,
including leadership positions at Lafarge, PIC, GE Plastics and KLT.
“As OLED technology continues to rise in popularity, UDC is making
ongoing investments in Korea to support customer success and further
expand and deepen our service capabilities,” said Steven V. Abramson,
President and Chief Executive Officer of Universal Display. “We are
excited to continue supporting our partners’ growth and look forward to
seeing new paths carved out in the OLED display and lighting product
roadmaps.”
Abramson continued, “We are pleased that Soo Yung Jung has joined UDC.
His significant technical expertise in the Korean electronic materials
market will be incredibly valuable as we continue to expand and grow our
business.”
“I am excited to join such a dynamic and innovative company as we enter
this next chapter of the OLED revolution,” said Soo Yung Jung. “I look
forward to building upon Universal Display’s strong presence in Korea,
and continuing to deliver exceptional service and solutions to our
partners.”
Universal Display Corporation has been expanding its technical and
customer support teams in China, Hong Kong, Japan and Taiwan, including
the recent appointment of OLED veteran, Toshio Obara, as Senior Advisor
of UDC Japan.
To see how Universal Display is changing the face of the display and
lighting industries with its UniversalPHOLED, white OLED, and flexible
OLED technologies, please visit the company's website at http://www.udcoled.com.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in developing
and delivering state-of-the-art, organic light emitting diode (OLED)
technologies, materials and services to the display and lighting
industries. Founded in 1994, the Company currently owns or has
exclusive, co-exclusive or sole license rights with respect to more than
3,500 issued and pending patents worldwide. Universal Display licenses
its proprietary technologies, including its breakthrough high-efficiency
UniversalPHOLED® phosphorescent OLED technology that can
enable the development of low power and eco-friendly displays and white
lighting. The Company also develops and offers high-quality,
state-of-the-art UniversalPHOLED materials that are recognized as key
ingredients in the fabrication of OLEDs with peak performance. In
addition, Universal Display delivers innovative and customized solutions
to its clients and partners through technology transfer, collaborative
technology development and on-site training.
Based in Ewing, New Jersey, with offices in California, Ireland, South
Korea, Hong Kong, Japan and Taiwan, Universal Display works and partners
with a network of world-class organizations, including Princeton
University, the University of Southern California, the University of
Michigan, and PPG Industries, Inc. The Company has also established
relationships with companies such as AU Optronics Corporation, BOE
Technology, DuPont Displays, Inc., Innolux Corporation, Kaneka
Corporation, Konica Minolta Technology Center, Inc., LG Chem Ltd., LG
Display Co., Ltd., Lumiotec, Inc., OLEDWorks LLC, Philips Technologie
GmbH, Pioneer Corporation, Samsung Display Co., Ltd., Sumitomo Chemical
Company, Ltd. and Tohoku Pioneer Corporation.. To learn more about
Universal Display, please visit http://www.udcoled.com.
Universal Display Corporation and the Universal Display logo are
trademarks or registered trademarks of Universal Display Corporation.
All other company, brand or product names may be trademarks or
registered trademarks.
All statements in this document that are not historical, such as
those relating to Universal Display Corporation’s technologies and
potential applications of those technologies, the Company’s expected
results as well as the growth of the OLED market and the Company’s
opportunities in that market, are forward-looking financial statements
within the meaning of the Private Securities Litigation Reform Act of
1995. You are cautioned not to place undue reliance on any
forward-looking statements in this document, as they reflect Universal
Display Corporation’s current views with respect to future events and
are subject to risks and uncertainties that could cause actual results
to differ materially from those contemplated. These risks and
uncertainties are discussed in greater detail in Universal Display
Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the
Securities and Exchange Commission, including, in particular, the
section entitled “Risk Factors” in Universal Display Corporation’s
annual report on Form 10-K for the year ended December 31, 2014.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.
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