Universal
Display Corporation (Nasdaq:OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED®
technology and materials, today announced that Steven V. Abramson,
President and Chief Executive Officer will ring the Opening Bell at the
Nasdaq stock market on Wednesday, April 20, 2016. Mr. Abramson will be
joined by members of Universal Display's senior management team, Board
of Directors and guests.
"We are honored to celebrate our twentieth year of listing on Nasdaq by
ringing the Opening Bell," said Steven V. Abramson, President and Chief
Executive Officer of Universal Display. “With unending persistence and
vision, Universal Display has evolved from an R&D start-up to a leading
player in the global OLED ecosystem. While we are still in the early
commercial stage of this long-term growth story, we are enthusiastic to
play a critical role in the new era of display and lighting
technologies. We share this wonderful milestone with our employees,
customers, partners and shareholders."
Since listing on Nasdaq in April 1996, Universal Display has grown its
market cap from $47 million to over $2.5 billion. Over the past 10
years, revenues have increased from $10 million to $191 million, a CAGR
of 36% and market cap has expanded from $310 million to over $2.5
billion, a CAGR of over 20%.
The opening bell ceremony will be shown on the Nasdaq MarketSite Tower
on Broadway at 43rd Street in Times Square. The bell ceremony will be
webcast live https://new.livestream.com/nasdaq/live.
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
3,600 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 international offices in 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 Display Co.,
Ltd., Lumiotec, Inc., OLEDWorks LLC., OSRAM, 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, 2015.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.
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