Universal Display Corporation Receives BOE Technology's 2023 Diamond Award

3 Jul 2023

Universal Display Corporation (Nasdaq: OLED) (UDC), which develops displays and lighting that are energy-efficient using its innovative UniversalPHOLED technology and materials, has proudly announced that it has been awarded the esteemed 2023 Diamond Award from BOE Technology Group Co., Ltd. (???), a worldwide leader in the semiconductor display sector. UDC was honored with this prestigious recognition during BOE's Innovation Partner Conference, which took place on June 28th in Beijing, China.

We are very happy and proud to receive this prestigious award from BOE. This acknowledgement is a great confirmation of the constant innovation, commitment to excellence, and collaboration that characterizes the long-term partnership between UDC and BOE. It also shows the unwavering dedication and hard work of UDC's exceptional global team," said Steven V. Abramson, President and CEO of Universal Display Corporation. "For over ten years, UDC and BOE have developed a strong partnership based on our shared values of driving technological advancements, challenging traditional thinking, and pioneering revolutionary solutions that shape the OLED industry. This award encourages us to keep pushing boundaries, exploring new possibilities, and working together to advance the industry.

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Universal Display Corporation is a leading company in the field of organic light emitting diode (OLED) technologies and materials for displays and lighting. Founded in 1994, the company has subsidiaries and offices worldwide. They own, license, or have the sole right to sublicense over 6,000 patents. Universal Display licenses its own technologies, such as their high-efficiency UniversalPHOLED phosphorescent OLED technology, which can create energy-efficient and environmentally friendly displays and lighting. The company also develops and provides high-quality UniversalPHOLED materials, which are essential for creating OLEDs with peak performance. Additionally, Universal Display offers customized solutions to their clients and partners through technology transfer, collaborative development, and on-site training.

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Please note that any statements in this document that discuss the future adoption, development, and progress of the company's technologies, anticipated results and potential dividends, as well as the growth of the OLED market and the company's opportunities in that market, are considered forward-looking financial statements under the Private Securities Litigation Reform Act of 1995. It is important to exercise caution and not place excessive reliance on these forward-looking statements, as they represent Universal Display Corporation's current perspectives on future events, and there are potential risks and uncertainties that could result in actual outcomes differing significantly from what is anticipated. These risks and uncertainties are further detailed in Universal Display Corporation's periodic reports on Form 10-K and Form 10-Q, submitted to the Securities and Exchange Commission. Specifically, please refer to the section titled 'Risk Factors' in Universal Display Corporation's Annual Report on Form 10-K for the year ending December 31, 2022, for a more comprehensive understanding. Universal Display Corporation does not assume any obligation to update any forward-looking statement included in this document.