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Universal Display Corporation Ranks as Fortune’s 25th Fastest Growing Public Company
|By Business Wire
|August 21, 2014 05:00 PM EDT
Display Corporation (Nasdaq: OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED®
technology and materials, announced today that it ranked 25th
on the 2014 Fortune Magazine list of 100
Fastest-Growing Public Companies.
Universal Display was New Jersey’s fastest-growing public company and a
leading company among the technology sector rankings. Fortune Magazine
has noted Universal Display’s exceptional revenue and EPS growth, with
three-year annual growth rates of 63% and 144%, respectively. The
Company attributes its growth to the expanding OLED market and rapid
adoption of its highly-efficient UniversalPHOLED technology and
phosphorescent material systems. PHOLED technology is a key to low power
consumption, brightness and long lifetime OLED displays and lighting
“The OLED industry is growing rapidly, and we have positioned Universal
Display to capitalize on the myriad opportunities within the display and
lighting industries,” said Steven V. Abramson, President and Chief
Executive Officer of Universal Display. “It’s an honor to be ranked
among so many successful global companies. With our customers and
partners, we are building for sustainable innovation and growth in the
OLED industry. Our team is creating a bright future for the OLED market.”
Fortune's list ranks public companies, with market capitalization of
$250 million or more, based on revenue growth rate, EPS growth rate and
three-year annualized total return for the period ended June 30, 2014.
To compute the revenue and EPS growth rates, Fortune uses a trailing
four quarters log linear least square regression fit. Please visit
Universal Display’s full
profile on Fortune’s list.
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
3,000 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, BOE
Technology, DuPont Displays, Inc., Innolux Corporation, Kaneka
Corporation, Konica Minolta Technology Center, Inc., LG Display Co.,
Ltd., Lumiotec, Inc., Philips Technologie GmbH, Pioneer Corporation,
Samsung Display Co., Ltd., Sony Corporation, 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
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, 2013.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.
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