International Conference on Display Technology (ICDT) awarded Universal Display with the honor of excellent paper

Ewing, NJ –(Business Wire)–Universal Display Corporation (NASDAQ: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED┬« technology and materials, announced today that the International Conference on Display Technology (ICDT) Technical Committee has selected Universal Display Corporation’s paper on “Highly Efficient Near-Infrared Phosphorescent OLEDs” to receive the ICDT 2022 Excellent Paper Award. The award is presented to UDC on December 8day During the Virtual 2022 SID Show Week New Technology Review Symposium.

“We are honored that the ICDT committee has recognized the importance of our R&D work to deliver novel high-efficiency near-infrared phosphorescent OLEDs for biomedical or sensing applications, including photobiomodulation light therapy,” said Dr. Williams. Julie Brown, Executive Vice President and Chief Technology Officer, Universal Display Corporation. “UDC’s unwavering mission is to be a key enabler of the OLED ecosystem. Our unique global team continually discovers, develops and delivers novel OLED technologies, including our flagship phosphorescent material system, to meet customers’ ever-increasing specifications and support development of the OLED industry.”

Dr. Zhiqiang Ji of Universal Display Corporation presented a near-infrared phosphorescent OLED (NIR PHOLED) paper virtually at the August Technical Symposium of the International Conference on Display Technology (ICDT) 2022 (International Design Report 2022 in Shanghai). Dr. Ji highlighted the development of a NIR PHOLED with minimal visible light emission, a photoluminescence quantum yield (PLQY) of over 39%, and a record external quantum efficiency of about 9% at a drive current of 10 mA/cm ( EQE)2. The authors of the winning paper are Zhiqiang Ji, Eric Margulies, Pierre-Luc T. Boudreault, Bert Alleyne and Julie J. Brown.

About Universal Display Corporation

Universal Display Corporation (NASDAQ: OLED) is a leader in the research, development and commercialization of organic light-emitting diode (OLED) technologies and materials for display and solid-state lighting applications. Founded in 1994, the company has subsidiaries and offices around the world and currently owns, exclusively licenses or has the sole rights to sublicense more than 5,500 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology, which facilitates the development of energy-efficient and environmentally friendly displays and solid-state lighting. The company also develops and supplies high-quality, state-of-the-art general-purpose PHOLED materials, which are recognized as key ingredients in the manufacture of OLEDs with optimal performance. In addition, Universal Display provides innovative and customized solutions to its customers and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, visit https://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 non-historical statements in this document, such as those relating to the projected adoption, development and advancement of the company’s technology, the company’s expected results and announcements of future dividends, as well as the growth of the OLED market and the company’s opportunity in that market, are 1995 private securities litigation Forward-Looking Financial Statements within the Meaning of the Reform Act. 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 regarding future events and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission, including in particular Universal Display Corporation’s Annual Report entitled “Risk Factors” Part of the 10-K report for the year ended December 31, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statements contained in this document.

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