Universal Display Corporation COMPANY HISTORY Innovating since 1994 WHO WE ARE About UDC Company History Awards Careers Opportunities EHS & QMS Policies Supply Chain International Offices and Subsidiaries Contact Us Universal Display Corporation > About UDC > Company History 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 Who We Are About UDC History Management Awards Careers EHS & QMS Policies Supply Chain Contact Us What We Do Innovation & Solutions Core Technologies UniversalPHOLED® Materials Licensing Technology Transfer What is an OLED OLEDs FOLEDs TOLEDs WOLEDs OLED Markets Display Lighting Flexible Form Future Shareholders Investor Relations Newsroom Press Releases Multimedia Follow us facebook twitter linkedin youtube ABOUT UDC INNOVATION & SOLUTIONS SHAREHOLDERS CONTACT US LEGAL PRIVACY © UNIVERSAL DISPLAY 2021 ALL RIGHTS RESERVED Who We Are What We Do What is an OLED? OLED Markets Shareholders Newsroom Search for: