This Expands UDC’s Growing Global IP Portfolio of over 3,600
Issued and Pending Patents
EWING, N.J.--(BUSINESS WIRE)--
Universal
Display Corporation (Nasdaq: OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED®
technology and materials, announced today that the United States Patent
and Trademark Office (USPTO) has granted Universal Display its 2,000th
patent, U.S. Patent No. 9,231,218 (the '218 Patent) for a new family of
“Phosphorescent Emitters”. Additionally, UDC’s 2,001st patent
was issued on the same day, U.S. Patent No. 9,231,227 (the '227 Patent)
for a novel “OLED Display Architecture”.
“As a leading OLED innovator with 20 plus years of technology and
phosphorescent material know-how and experience, we are proud of the
fundamental technology we continue to develop and commercialize to
enable the OLED industry. The issuance of the '218 and ‘227 Patents adds
to our vast and growing global OLED IP portfolio,” said Steven V.
Abramson, President and Chief Executive Officer of Universal Display.
“As a company, we are constantly driving invention at both the
architectural and molecular levels. We believe these efforts are
expanding and extending the lifetime of our core competencies well into
the foreseeable future, while further strengthening our position as a
key partner in the OLED ecosystem.”
Universal Display Corporation’s OLED IP portfolio consists of an
extensive and robust suite of enabling state-of-the-art OLED
technologies and currently includes more than 3,600 patents (2,000+
issued and 1,600+ pending) worldwide, including the U.S., Europe, Japan,
Korea, Taiwan, China, India, Australia, Brazil, and Israel. The Company
believes that these patents affirm the novel nature of the innovative
research undertaken over the last two decades and the progression of
significant technology advancements that will continue to bolster two of
its key business segments, OLED material sales and OLED device licensing.
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’s website at http://www.udcoled.com.
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
3,600 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.
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, BOE
Technology, DuPont Displays, Inc., Innolux Corporation, Kaneka
Corporation, Konica Minolta Technology Center, Inc., LG Display Co.,
Ltd., Lumiotec, Inc., OLEDWorks LLC, Pioneer Corporation, Samsung
Display Co., Ltd., Sumitomo Chemical Company, Ltd, and Tohoku Pioneer
Corporation. To learn more about Universal Display, please visit http://www.udcoled.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, the Company’s expected
results 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, 2014.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.
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Source: Universal Display Corporation