Universal Display Corporation Announces an Extended OLED Evaluation Agreement
Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that the Company and Japan Display Inc. (TSE: 6740), a leading global small-and-medium-sized panel manufacturer, have entered into an
extended and updated evaluation agreement. Under the agreement, Universal Display will supply its proprietary UniversalPHOLED
phosphorescent OLED materials and technology to Japan Display Inc (JDI) for use in the company’s OLED displays. Financial terms of
the agreement have not been disclosed.
“We are pleased to enhance our partnership with Japan Display, a world leader in the display industry,” said Steven V. Abramson,
President and Chief Executive Officer of Universal Display Corporation. “OLEDs are transforming the consumer electronic market with
bright, beautiful, thin and conformable displays. We believe that this agreement will strengthen our collaborative bond with JDI
for innovative OLED products using our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED
materials.”
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 4,200 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 solid-state 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. To learn more about
Universal Display Corporation, please visit http://www.oled.com.
Universal Display Corporation and the Universal Display Corporation 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 and future declaration of dividends,
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, 2016. Universal Display Corporation
disclaims any obligation to update any forward-looking statement contained in this document.
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Universal Display Contact:
Darice Liu, 609-671-0980 x570
investor@oled.com
media@oled.com
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