By Business Wire, October 23, 2013, 04:01:00 PM EDT
EWING, N.J.--(BUSINESS WIRE)--
Display Corporation (NASDAQ:OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED®
technology and materials, announced today that it has been named Master
Technology Company of the Year by the New
Jersey Technology Council (NJTC). The Award will be presented at a gala
event on November 21, 2013 in Princeton, N.J.
According to Maxine Ballen, CEO, and President of the NJTC, "We are
thrilled to have Universal Display Corporation accept this award. This
year was particularly difficult to select those being honored from the
more than 50 nominations that came from deserving companies. The judges
were truly challenged and did a terrific job in identifying companies
that represent the best of the region's technology community."
The 2013 NJTC Awards Celebration honors New Jersey's top technology
companies and their leaders for their business accomplishments in
technological collaboration, partnership and innovation. Each year the
NJTC selects an elite group of companies and individuals to receive this
"Universal Display is honored to be recognized among so many innovative
and successful companies, and we thank the NJTC," said Mr. Abramson.
"With our company's roots in New Jersey, the NJTC and many of its
members have played a role in our success as we've grown from a small
N.J. company to a global technology leader. I want to applaud the
world-class Universal Display team for all their work in meeting our
goals. The PHOLED and other OLED technologies that we have created,
developed and commercialized have become the standard for many current
and future display and energy efficient lighting applications."
Universal Display is a New Jersey technology company that has
established a global footprint with offices around the globe. The
company has created over 100 jobs, including high-tech positions,
further building on New Jersey's legacy as a center for innovation.
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.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
3,000 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 visit 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
About the New Jersey Technology Council
The New Jersey Technology Council (NJTC) provides business support,
networking opportunities, information, advocacy, and recognition of
technology companies and their leaders. Founded in 1996, NJTC's member
companies work together to support their own enterprises while advancing
New Jersey's status as a leading technology center in the United States.
The NJTC offers its member companies access to networking, financing
resources, expertise and more. A private, not-for-profit membership
organization, the NJTC fosters and grows a vibrant entrepreneurial
spirit and nurtures a community where great ideas take flight.
For more information visit: www.njtc.org.
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, as well as the protection
to be afforded to the Company's patents and its impact on the Company's
business, and the results of any appeals of adverse outcomes with
respect to patent proceedings regarding the Company's patents, 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.
Source: Universal Display Corporation