Company History

Innovating since 1994

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