Company History

Innovating since 1994

Company History


• Sherwin Seligsohn founds Universal Display Corporation


• Universal Display Corporation becomes publicly traded on NASDAQ


• Energy-saving phosphorescent OLED technology (PHOLED) discovery by our research team at Princeton University and University of Southern California


• Materials development and supply agreement signed with PPG Industries


• First OLED display manufacturer, Tohoku Pioneer, uses red UniversalPHOLED® materials and technology


• First active-matrix OLED for mobile phone application, made by AUO, uses UniversalPHOLED material and device technology


• Samsung SDI launches its first active-matrix OLED for mobile phone application using UniversalPHOLED material and device technology


• UDC achieves record White PHOLED lighting efficiency of over 100 lm/W
• Green UniversalPHOLED achieves lifetime milestone for commercial evaluation


• 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


• 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.


• UDC opens office in Tokyo, Japan
• UDC opens Hong Kong Lab
• UDC achieves annual profitability


• Universal Display acquires Fujifilm’s entire worldwide OLED patent portfolio of more than 1,200 OLED patents and patent applications


• 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


• First commercial OLED lighting fixtures from Acuity Brands launches at Home Depot using PHOLED panels from LG Chem


• UDC opens new expansive headquarters in Korea in Pangyo Techno Valley


• 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.


• 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


• Achieves ISO 14001:2015 Certification
• Join S&P MidCap 400


• 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