UDC Contact:
Darice Liu
Investor Relations
investor@udcoled.com
609-671-0980 x558

Sumitomo Chemical Contact:
Corporate Communications Office+81-3-5543-5102
sumika-kouhou@ya.sumitomo-chem.co.jp

Matt McLoughlin
Gregory FCA
media@udcoled.com
610-228-2123

UNIVERSAL DISPLAY AND SUMITOMO CHEMICAL SIGN TECHNOLOGY
LICENSE AGREEMENT FOR SOLUTION-PROCESSED OLED LIGHTINGDEVICES
EWING, N.J. – January 21, 2015 - Universal Display Corporation (Universal Display, Nasdaq: OLED)and Sumitomo Chemical Company, Ltd. (Sumitomo Chemical) today announced the signing of a new
OLED Technology License Agreement. Under the agreement, Universal Display has granted Sumitomo
Chemical non-exclusive license rights, under various patents owned or controlled by Universal Display, tomanufacture and sell solution-processed organic light emitting diode (OLED) lighting products. The
agreement runs for the life of Universal Display’s relevant intellectual property rights.
“Our proprietary UniversalPHOLED® technology offers up to four times the efficiency of conventional
OLED technology, a critical component for high-performing, energy-efficient solid-state lighting (SSL),”said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “We are pleased toenter into this license agreement with Sumitomo Chemical, one of the early OLED developers, as thecompany broadens into the growing SSL market.”“Leveraging the licensed technology, we will increase the luminous efficacy of our polymer OLED
lighting panels,” said Toshihisa Deguchi, director & senior managing executive officer of Sumitomo
Chemical who also serves as the head of polymer OLED business planning. “We will explore business
opportunities in lighting applications that take our printed polymer OLED technology to the nextgeneration lighting.”

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 3,300 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 withpeak performance. In addition, Universal Display delivers innovative and customized solutions to its
clients and partners through technology transfer, collaborative technology development and on-sitetraining.
Universal Display Corporation and the Universal Display logo are trademarks or registered trademarks ofUniversal Display Corporation. All other company, brand or product names may be trademarks orregistered trademarks. To learn more about Universal Display, please visit http://www.udcoled.com.
About Sumitomo Chemical Company, Limited
Headquartered in Tokyo, Japan, Sumitomo Chemical is one of Japan’s leading chemical companies,offering a diverse range of products globally in the fields of basic chemicals, petrochemicals, IT-related
chemicals, health & crop science products, and pharmaceuticals. To learn about Sumitomo Chemical,
please visit www.sumitomo-chem.co.jp/english/.

###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 andthe 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 inthis document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject torisks and uncertainties that could cause actual results to differ materially from those contemplated. These risks anduncertainties 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.

(OLED-C)