UNIVERSAL DISPLAY CORPORATION

Our Company 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. OLEDs are thin, lightweight, and power-efficient solid-state devices that emit light and can be manufactured on flexible and rigid substrates, making them suitable for full-color displays and lighting products. OLED displays are gaining market share in mobile phone, television, monitor, wearable, tablet, notebook and personal computer, augmented reality (AR), virtual reality (VR), and automotive markets. The company's primary business strategy involves two main areas. First, it develops new OLED materials and sells existing and new materials to product manufacturers for display applications, including mobile phones, televisions, monitors, wearables, tablets, portable media devices, notebook computers, personal computers, and automotive applications, as well as specialty lighting products. Second, it further develops and either licenses or commercializes its proprietary OLED material, device design, and manufacturing technologies to these manufacturers. The company has built a significant portfolio of proprietary OLED technologies and materials through internal research and development, patent acquisitions, and collaborations with universities, research institutions, and strategic manufacturing partnerships. The company has over 20 years of experience working with leading OLED display manufacturers.