Universal Display Corporation President and CEO Steven V. Abramson Receives Ernst & Young Entrepreneur Of The Year® 2013 New

  Universal Display Corporation President and CEO Steven V. Abramson Receives
  Ernst & Young Entrepreneur Of The Year® 2013 New Jersey Award

          Award recognizes entrepreneurial excellence in technology

Business Wire

EWING, N.J. -- June 18, 2013

Universal Display Corporation (NASDAQ: PANL), enabling energy-efficient
displays and lighting with its UniversalPHOLED^® technology and materials,
today announced that its President and Chief Executive Officer Steven V.
Abramson has received the Ernst & Young Entrepreneur Of The Year® 2013 New
Jersey Award in the technology category. Mr. Abramson was presented with the
award at a special gala event on June 13^th at the Hyatt Regency New
Brunswick, New Jersey.

“I am honored to be recognized among the many successful entrepreneurs in New
Jersey, and the recognition from Ernst and Young is a tribute to the world
class team we’ve assembled at Universal Display,” said Mr. Abramson. “Our
entire team has played a critical role in advancing OLED technology and
driving adoption of our own PHOLED technologies and materials among the
world’s largest display and lighting manufacturers. Universal Display’s motto
of ‘Vision. Innovation. Reality’ has not only served our technology advances,
but our corporate identity as we’ve grown from a small N.J. company to a
global technology leader.”

Having been honored in the New Jersey region, Mr. Abramson is now eligible for
Ernst & Young’s National Entrepreneur of the Year Award, which will be
presented at a Forum to be held later this year.

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.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards
are nationally sponsored by SAP America and the Ewing Marion Kauffman
Foundation.

In New Jersey, local sponsors include PNC Bank, DLA Piper, Merrill
Corporation, Morgan Lewis, Empire Valuation Consultants, Scherzer
International, SolomonEdwardsGroup, Cresa NJ, Gibbons, Murray Devine, New
Jersey Technology Council, NJBIZ, WithumSmith+Brown.

About Ernst & Young’s Entrepreneur Of The Year^®

Ernst & Young’s Entrepreneur Of The Year is the world’s most prestigious
business award for entrepreneurs. The unique award recognizes the significant
contributions of entrepreneurs who inspire others with their vision,
leadership and achievement.

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.

Contact:

Investor Relations:
Universal Display Corporation
Darice Liu, 609-671-0980 x558
dliu@universaldisplay.com
or
Media Contact:
Gregory FCA
Matt McLoughlin, 610-228-2123
matt@gregoryfca.com
 
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