Universal Display Corporation Establishes UDC Ventures
May 08 2019 - 4:05PM
Business Wire
Universal Display Corporation (Nasdaq: OLED), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, today announced the formation of UDC
Ventures, the corporate venture arm of Universal Display. With the
establishment of UDC Ventures, Josh Epstein also joins the company
as Managing Partner, where he will be heading the new venture
effort and working closely with the Universal Display management
team.
Epstein joins UDC Ventures from Stifel Financial Corp., where he
served as Managing Director. Epstein’s career spans over two
decades as an investment banker, heading global practices focused
on electronics, digital media and emerging technologies. During his
banking career, Epstein worked with a range of IP intensive,
technology companies, helping to enable and define new sectors with
an expertise in strategic advisory, M&A and capital
raising.
UDC Ventures, headquartered in New York City, plans to invest in
and partner with entrepreneurs, disruptive start-ups and
innovative, emerging companies with an emphasis on technology
platforms that have a strong proprietary position and significant
growth potential. Strategic sectors of interest include OLED,
organic electronics, displays, lighting, materials science and
other related areas. Companies can be at any stage, ranging from
pre-commercial stage research and development to early prototypes
through late stage, established companies. The venture arm seeks to
be an impactful strategic investor, with investments ranging from
seed funding to later stage growth capital.
UDC Ventures is focused on investing in trends that can impact
the technology landscape similar to how OLED technology has
impacted the broader display market. Importantly, UDC Ventures
provides the opportunity for its portfolio companies to partner
with Universal Display Corporation and its platform of global
experts in the fields of IP licensing, materials development and
manufacturing and its broad relationships with technology
leaders.
“We are excited to launch UDC Ventures,” said Steven V.
Abramson, President and Chief Executive Officer of Universal
Display Corporation. “Since our beginning as a three-person R&D
start-up over 20 years ago, the drive for innovation and commitment
to excellence has propelled Universal Display into a global leader
in the OLED ecosystem. With our rich history, significant expertise
and know-how, we believe that we are well positioned to be an
important, insightful and invaluable partner to promising companies
across a spectrum of emerging and established industries.”
To learn more about UDC Ventures, please visit
www.udcventures.com.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the
research, development and commercialization of organic light
emitting diode (OLED) technologies and materials for use in display
and solid-state lighting applications. Founded in 1994, the Company
currently owns, exclusively licenses or has the sole right to
sublicense more than 5,000 patents issued and pending 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. 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, 2018. Universal Display Corporation
disclaims any obligation to update any forward-looking statement
contained in this document.
Follow Universal Display Corporation
TwitterFacebookYouTube
(OLED-C)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190508005750/en/
Universal Display Contact:Darice
Liuinvestor@oled.commedia@oled.com+1 609-964-5123
Universal Display (NASDAQ:OLED)
Historical Stock Chart
From Mar 2024 to Apr 2024
Universal Display (NASDAQ:OLED)
Historical Stock Chart
From Apr 2023 to Apr 2024