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Universal Display Corporation’s Borderless Flexible OLED Panel Named ‘Best in Show’ at SID Display Week 2013

  Universal Display Corporation’s Borderless Flexible OLED Panel Named ‘Best
  in Show’ at SID Display Week 2013

Universal Display’s borderless encapsulation demonstrated on an OLED lighting
  device recognized as an enabling technology for high-performance OLED and
                           other thin-film products

Display Week 2013

Business Wire

EWING, N.J. -- May 23, 2013

Universal Display Corporation (NASDAQ:PANL), enabling energy-efficient
displays and lighting with its UniversalPHOLED^® technology and materials, won
Best in Show, Small Exhibit Category for its borderless flexible OLED lighting
panel at the 2013 Society for Information Display (SID) International
Symposium, Seminar, and Exhibition.

UNIVERSAL DISPLAY CORPORATION'S BORDERLESS FLEXIBLE OLED PANEL NAMED 'BEST IN
SHOW' AT SID DISPLAY W ...

UNIVERSAL DISPLAY CORPORATION'S BORDERLESS FLEXIBLE OLED PANEL NAMED 'BEST IN
SHOW' AT SID DISPLAY WEEK 2013; Universal Display's borderless encapsulation
demonstrated on an OLED lighting device recognized as an enabling technology
for high-performance OLED and other thin-film products (Photo: Universal
Display Corporation)

The all-phosphorescent OLED lighting panel, built on a plastic substrate
system, uses Universal Display’s proprietary single hybrid-layer
UniversalBarrier™ encapsulation technology to meet the demanding packaging
requirements for OLED displays and lighting (see attached photo). Universal
Display’s encapsulation also provides complete perimeter coverage for nearly
edgeless or "bezel-less" packaging, increasing the panel’s active area and
creating myriad new product design possibilities.

“We are honored to be recognized by the Society for Information Display for
our recent advances in and the demonstration of our proprietary single-layer
encapsulation technology in an OLED lighting panel. With our UniversalPHOLED
technology and materials in commercial use in OLED displays and lighting, this
innovation is an excellent example of one of the OLED technologies under
development at Universal Display,” said Steven V. Abramson, President and
Chief Executive Officer of Universal Display. “I am proud of our team’s
ability to identify and develop a high-performance, cost-effective
encapsulation technology that addresses a long-standing challenge for OLED
packaging and can provide significant added value to our customers’
development of OLED display and lighting products as well as other thin-film
electronic devices.”

SID’s Best in Show awards highlight the “most significant new products and
technologies” exhibited during SID and are presented at the show’s annual
awards luncheon. Each year, an independent panel of display experts selects
the winners from the most significant and exciting advances on the show floor.

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 at www.universaldisplay.com.

AboutUniversal Display Corporation

Universal Display Corporation (PANL) 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 3,000 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, DuPont Displays, Inc., Innolux Corporation,
Konica Minolta Technology Center, Inc., LG Display Co., Ltd., Lumiotec, Inc.,
Moser Baer Technologies Inc., Panasonic Idemitsu OLED Lighting Co., Pioneer
Corporation, Samsung Display Corporation, Seiko Epson Corporation, Sony
Corporation, Showa Denko K.K., and Tohoku Pioneer Corporation. To learn more
about Universal Display, please visitwww.universaldisplay.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, are forward-looking 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, 2012. Universal Display Corporation
disclaims any obligation to update any forward-looking statement contained in
this document.

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http://www.businesswire.com/multimedia/home/20130523006400/en/

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Contact:

Universal Display Corporation
Media Contact:
Gregory FCA
Matt McLoughlin, 610-228-2123
matt@gregoryfca.com
or
Investor Relations:
Gregory FCA
Joe Hassett, 610-228-2110
joeh@gregoryfca.com
 
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