Universal Display Receives 2018 BOE Technology Supplier Award for Outstanding Strategic Partner

May 23, 2018

EWING, N.J.--(BUSINESS WIRE)-- Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that it has received the 2018 Supplier Award for Outstanding Strategic Partner from BOE Technology Group Co., Ltd (京东方). The prestigious award recognizes the supplier for outstanding performance, technology innovation, collaboration and supply chain excellence. The distinction was presented during BOE’s Supplier Partners Conference, held May 11, 2018 in Hefei, China. In 2016 and 2017, BOE recognized Universal Display with the Collaborative Innovation Supplier award.

“We are honored to have been recognized by BOE Technology as a 2018 Outstanding Strategic Partner,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “Since inception, Universal Display’s innovation strategy has centered on building a robust foundation of best-in-class OLED technologies. We are proud of the strong and growing partnership with BOE, the global leader in the semiconductor display industry that is pioneering the commercialization of high-volume OLED production in China, with one fab in mass production and another under construction. This distinguished supplier award illustrates our commitment to developing and delivering solutions that help enable our customers’ technology roadmaps for cutting-edge, bright, beautiful, highly efficient OLED displays. I thank and applaud our world-class team for their diligence and hard work for this well-earned achievement.”

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 4,500 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. To learn more about Universal Display Corporation, please visit http://www.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.

About BOE

BOE Technology Group Co., Ltd., founded in April 1993, is a global leader in semiconductor display industry as well as an IoT company providing intelligent interface products and professional services for information interaction and human health. BOE’s three core businesses are Display and Sensor Devices, Smart Systems and Healthcare Services. BOE’s display and sensor products are widely used in a broad spectrum of applications such as mobile phone, tablet, notebook, monitor, TV, vehicle display, digital information display, healthcare, finance, and wearable devices. Smart systems provide IoT integrated solutions for various industries such as new retail, transportation, finance, education, art, etc. Healthcare services combine medicine and life science, and is committed to developing mobile healthcare, digital hospitals, regenerative medicine and healthcare park solutions.

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, 2017. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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Darice Liu

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