Company History
1994
• Sherwin Seligsohn founds Universal Display Corporation
1996
• Universal Display Corporation becomes publicly traded on NASDAQ
1998
• Energy-saving phosphorescent OLED technology (PHOLED) discovery by our research team at Princeton University and University of Southern California
2000
• Materials development and supply agreement signed with PPG Industries
2003
• First OLED display manufacturer, Tohoku Pioneer, uses red UniversalPHOLED® materials and technology
2006
• First active-matrix OLED for mobile phone application, made by AUO, uses UniversalPHOLED material and device technology
2007
• Samsung SDI launches its first active-matrix OLED for mobile phone application using UniversalPHOLED material and device technology
2008
• UDC achieves record White PHOLED lighting efficiency of over 100 lm/W
• Green UniversalPHOLED achieves lifetime milestone for commercial evaluation
2009
• Achieves ISO9001:2008 certification for quality management systems
• US Department of Energy honors UDC for research excellence
• Green UniversalPHOLED achieves lifetime milestone for commercial production specifications
2010
• UDC opens office in Seoul, Korea
• Delivers wrist-mounted flexible displays to the U.S. Army
• OLED Smartphone – Samsung Electronics launches the Galaxy S1 smartphone with an OLED screen using
UniversalPHOLED material and technology.
2011
• UDC opens office in Tokyo, Japan
• UDC opens Hong Kong Lab
• UDC achieves annual profitability
2012
• Universal Display acquires Fujifilm’s entire worldwide OLED patent portfolio of more than 1,200 OLED
patents and patent applications
2013
• First commercial product uses UDC’s green UniversalPHOLED emissive system
• UDC opens Ireland Office
• First commercial OLED TV launches in the market using UniversalPHOLED materials and technology
• First commercial plastic-based OLED smartphone launches with UniversalPHOLED materials and technology
• Opens second UniversalPHOLED materials production facility at PPG’s Barberton, Ohio plant
2014
• First commercial OLED lighting fixtures from Acuity Brands launches at Home Depot using PHOLED panels
from LG Chem
2015
• UDC opens new expansive headquarters in Korea in Pangyo Techno Valley
2016
• Announces issuance of 2,000th OLED patent
• Acquires BASF’s OLED IP assets consisting of over 500 issued and pending patents around the world, in 86 patent families
• Acquires Adesis, Inc., an Organic Synthesis CRO specializing in organic and organometallic synthetic research, development, and commercialization
• UDC establishes Chinese subsidiary, Universal Display Corporation China, Ltd.
2017
• Establishes UDC Innovative Research Award and UDC Pioneering Technology Award at IMID
• Completes $15 million capacity expansion at PPG’s Barberton, Ohio, facility for UniversalPHOLED
materials production
2018
• Achieves ISO 14001:2015 Certification
• Join S&P MidCap 400
2019
• Establishes UDC Ventures
• Showcases, for the first time, printed panel from pilot OVJP system
• UDC opens new corporate and laboratory facility in Hong Kong with state-of-the-art PHOLED Application Center
2020
• UDC opens new corporate and laboratory facility in Pangyo Techno Valley, South Korea with state-of-the-art PHOLED Application Center
• Establishes OVJP Corporation
2021
• UDC (OLED Material Manufacturing Ltd) and PPG establish new UniversalPHOLED manufacturing site in Shannon, Ireland
• Achieves ISO 45001:2018 Certification
2022
• Achieves key OVJP milestone of printing two layers (RGB PHOLED emissive layer and prime layer or electron blocking layer) with same performance as VTE
• After 26 years as UDC’s EVP & CFO, Sidney Rosenblatt retires
• UDC Founder and Visionary Entrepreneur Sherwin Seligsohn passes
• Meets preliminary phosphorescent blue target specifications
2023
• Acquires Merck KGaA, Darmstadt, Germany’s phosphorescent OLED emitter IP assets consisting of 550 issued and pending patents around the world in 172 patent families
• Achieves key OVJP milestone of the world’s first-ever fully printed, high-resolution, RGB side-by-side PHOLED stack with comparable performance to vacuum thermal evaporation
