Press release

Universal Display Corporation to Showcase Organic Vapor Jet Printing and Phosphorescent OLED Innovations at SID Display Week 2019

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Display Corporation
(Nasdaq: OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED®
technology and materials, today announced that the Company will exhibit
and present at the Society
for Information Display (SID) Display Week 2019 International Symposium,
Seminar and Exhibition
being held May 12-16 in San Jose, California.

At Booth #940 in the San Jose convention center, Universal Display will
showcase an OVJP (Organic Vapor Jet Printing) fabricated PHOLED
(phosphorescent OLED) device. Demonstrated for the first time, this
PHOLED device was printed using the Company’s recently installed pilot
line system. This early green PHOLED printed test coupon has a lifetime
of over 50,000 hours (LT95) at 1,000 nits. UDC will also exhibit its
high-performing, energy-efficient commercial and developmental red,
yellow, green, and blue phosphorescent material systems in its
eco-friendly PHOLED Garden.

During an invited paper titled, “Narrow Spectrum Deep Red Emitters for
OLED Lighting and Display,” Dr. Eric Margulies will detail some
breakthrough PHOLED performance data towards automotive lighting
applications, including:

  • Novel narrow emission Deep Red and Amber for automotive

    • Deep Red:

      • 1931 CIE: (0.70,0.30), with a breakthrough narrow line shape
        of 43 nm FWHM
      • EQE of 25% and LT95 55,000 hours at L0=1,000 nits
    • Amber:

      • 1931 CIE: (0.58,0.42), with a breakthrough narrow line shape
        of 36 nm FWHM
      • EQE of 28% and LT95 200,000 hours at L0=1,000 nits
  • Moving the bar on the efficiency-lifetime design space of Light
    for automotive applications:

    • 1931 CIE: (0.42,0.56), with exciting advances in EQE with end use
      brightness and lifetime
    • EQE of 25% and LT95 300,000 hours at L0=1,000 nits

“At SID, we are pleased to be exhibiting some of our recent advancements
in our proprietary organic vapor jet printing system and phosphorescent
OLED technology,” said Steven V. Abramson, President and Chief Executive
Officer of Universal Display. “With our deep and broad experience and
know-how of more than two decades of pioneering research, we are
continually innovating, inventing and introducing new PHOLED emissive
systems and technologies. Additionally, while early in the
commercialization path, we believe that OVJP will revolutionize the
manufacturing of large area RGB side-by-side OLED TV panels. Visit our
booth to learn more about our expanding portfolio of leading-edge OLED

This year SID’s Symposium will include a variety of technical and
business events, including:

  • SID/DSCC Business Conference, where Dr. Mike Hack will participate in
    the Keynote Session on Monday, May 13th at 10:15am PT.
  • Session 12: OLED Devices II (OLEDs), where Dr. Nicholas Thompson of
    Universal Display will be the Session Chair on Tuesday, May 14th
    at 2:00pm PT.
  • Session 19: OLED Physics and Mechanisms (OLEDs), where Dr. Nicholas
    Thompson of Universal Display will be the Session Co-Chair on Tuesday,
    May 14th at 3:40pm PT.
  • Session 37: Oxide TFTs II (Active-Matrix Devices), where Dr. Mike Hack
    of Universal Display will be the Session Co-Chair on Wednesday, May 15th
    at 10:40am PT.
  • Session 65: Advanced Materials for Lighting (Lighting); In an invited
    paper titled, “Narrow Spectrum Deep Red Emitters for OLED Lighting and
    Display,” Dr. Eric Margulies of Universal Display Corporation will
    discuss high luminous efficacy deep red phosphorescent emitters for
    automotive lighting applications on Thursday, May 16th at
    1:30pm PT. Following his presentation, Dr. Margulies will be at the
    Author Interview Session, where he will showcase an advanced
    phosphorescent OLED red emitter.
  • Session 72: Advanced Solid-State Lighting Systems (Lighting), where
    Dr. Eric Margulies of Universal Display Corporation will be the
    Session Chair on Thursday, May 16th at 3:10pm PT

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the
research, development and commercialization of organic light emitting
diode (OLED) technologies and materials for use in display and
solid-state lighting applications. Founded in 1994, the Company
currently owns, exclusively licenses or has the sole right to sublicense
more than 5,000 patents issued and pending 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.

Headquartered in Ewing, New Jersey, with international offices in China,
Hong Kong, Ireland, Japan, South Korea and Taiwan, and wholly-owned
subsidiary Adesis, Inc. based in New Castle, Delaware, Universal Display
works and partners with a network of world-class organizations. To learn
more about Universal Display Corporation, please visit

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.

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 and future declaration of dividends, 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, 2018.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.

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