Universal Display Corporation Named to Fortune’s 100 Fastest-Growing Companies
September 04 2018 - 4:05PM
Business Wire
Universal Display Corporation (Nasdaq: OLED), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, announced today that the Company was
named the 60th fastest-growing company on Fortune’s 2018 100
Fastest-Growing Companies list. This is the third time that
Universal Display has ranked on the publication’s annual
listing.
As noted by Fortune, its 2018 ranking of the world’s top
three-year performers in revenues, profits, and stock returns
provides a snapshot of the trends driving the global economy, such
as the continued ascendance of the technology sector.
“We are proud to be recognized by Fortune Magazine as one of the
fastest growing global companies,” said Steven V. Abramson,
President and Chief Executive Officer of Universal Display. “This
honor is a reflection of the drive, desire, dedication, and heart
of UDC’s team in elevating and shaping the Company’s
accomplishments and advancements. As OLED proliferation continues
in the display and lighting markets, and additional capacity is
built to serve these markets, we believe that Universal Display is
well positioned to leverage these vast opportunities into top and
bottom-line growth.”
Fortune’s list ranks public companies, with market
capitalization of $250 million or more, based on revenue growth
rate, EPS growth rate and three-year annualized total return for
the period ended June 29, 2018. To compute the revenue and EPS
growth rates, Fortune uses a trailing-four-quarters log linear
least square regression fit. Please visit Universal Display’s full
profile on Fortune’s list for more information.
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 4,800 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 solid-state 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 with peak performance. In addition, Universal Display
delivers innovative and customized solutions to its clients and
partners through technology transfer, collaborative technology
development and on-site training.
Headquartered in Ewing, New Jersey, with international offices
in China, Hong Kong, Ireland, Japan, South Korea, and Taiwan, and
wholly-owned subsidiary Adesis, Inc. based in New Castle, Delaware,
Universal Display works and partners with a network of world-class
organizations, including Princeton University, the University of
Southern California, the University of Michigan, and PPG
Industries, Inc. The Company has also established relationships
with companies such as AU Optronics Corporation, BOE Technology,
DuPont Displays, Inc., EverDisplay Optronics (Shanghai) Limited,
Govisionox Optoelectronics, Innolux Corporation, Japan Display
Inc., Kaneka Corporation, Konica Minolta Technology Center, Inc.,
LG Display Co., Ltd., Lumiotec, Inc., OLEDWorks LLC, OSRAM, Pioneer
Corporation, Royole Corporation, Samsung Display Co., Ltd., Sharp
Corporation, Sumitomo Chemical Company, Ltd., Tianma
Micro-electronics, Tohoku Pioneer Corporation and Visionox
Technology. To learn more about Universal Display Corporation,
please visit https://oled.com/.
Universal Display Corporation and the Universal Display
Corporation logo are trademarks or registered trademarks of
Universal Display Corporation. All other company, brand or product
names may be trademarks or registered trademarks.
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 and future declaration of dividends, as well as
the growth of the OLED market and the 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 in this document, as they reflect
Universal Display Corporation’s current views with respect to
future events and are subject to risks and uncertainties that could
cause actual results to differ materially from those contemplated.
These risks and uncertainties 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, 2017. Universal Display Corporation
disclaims any obligation to update any forward-looking statement
contained in this document.
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Universal Display Contact:Darice Liu, +1
609-964-5123investor@oled.commedia@oled.com
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