Universal Display Corporation

Universal Display Corporation to Deliver Keynote Address and Sponsor ICDT 2024

Retrieved on: 
Thursday, March 28, 2024

Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its Executive Vice President and Chief Technical Officer, Dr. Julie Brown, will deliver a Keynote Presentation at the International Conference on Display Technology (ICDT) 2024 (2024国际显示技术大会) .

Key Points: 
  • Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its Executive Vice President and Chief Technical Officer, Dr. Julie Brown, will deliver a Keynote Presentation at the International Conference on Display Technology (ICDT) 2024 (2024国际显示技术大会) .
  • UDC is also presenting an Invited Paper and is a Gold sponsor of the conference, which is hosted by the Society for Information Display (SID) and will be held March 31-April 3 at Binhu Hefei International Convention and Exhibition Center, China.
  • “We are pleased to participate in ICDT 2024 as a keynote speaker, invited paper presenter and proud sponsor.
  • This renowned display symposium and exhibition provides a wonderful opportunity for Dr. Brown and our UDC China team to discuss UDC’s tremendous work in advancing the frontiers of OLED materials and technologies,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation.

Universal Display Corporation Announces University Lecture Series and Participation and Sponsorship of OLED Korea Conference

Retrieved on: 
Wednesday, March 27, 2024

Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its participation in University and conference lectures to support and foster Korea’s academic and scientific display communities.

Key Points: 
  • Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its participation in University and conference lectures to support and foster Korea’s academic and scientific display communities.
  • UDC hosted educational sessions at Yonsei University on March 26th and Kyung Hee University on March 27th, delivering special lectures about UDC’s Groundbreaking Advances for the OLED Industry.
  • Additionally, UDC will also be sponsoring and presenting at the 2024 OLED Korea Conference, highlighting the Company's pioneering work at the forefront of OLED technology innovation.
  • These seminars are designed to offer students and future display industry professionals an opportunity to better understand OLED technology and envision its profound impact on future display innovations,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation.

DigiLens ARGO™ Now Certified for Use with Leading Mobile Device Management (MDM) Solution Microsoft Intune

Retrieved on: 
Tuesday, March 19, 2024

DigiLens Inc., a leading nanotechnology innovator in waveguide display technologies and XR smartglasses, announces that its flagship Augmented Reality (AR) device, the DigiLens ARGO™, has been certified for use with Microsoft Intune , a leading cloud-based MDM solution.

Key Points: 
  • DigiLens Inc., a leading nanotechnology innovator in waveguide display technologies and XR smartglasses, announces that its flagship Augmented Reality (AR) device, the DigiLens ARGO™, has been certified for use with Microsoft Intune , a leading cloud-based MDM solution.
  • View the full release here: https://www.businesswire.com/news/home/20240319733368/en/
    DigiOS, ARGO's spatial-based OS, now certified for use with Microsoft Intune.
  • Microsoft Intune (part of Microsoft Endpoint Manager) offers support for AOSP (Android Open Source Program) device management.
  • Intune joins ArborXR as part of DigiLens’ expanding list of MDM solutions that enable enterprise customers to provision, configure, and secure DigiLens devices.

Universal Display Corporation Announces the Appointment of New Board Members

Retrieved on: 
Thursday, March 7, 2024

Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that Dr. Nigel Brown and Dr. Joan Lau have joined the Company’s Board of Directors, effective March 4, 2024.

Key Points: 
  • Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that Dr. Nigel Brown and Dr. Joan Lau have joined the Company’s Board of Directors, effective March 4, 2024.
  • The addition of these new directors expands UDC’s Board to ten members.
  • “I am pleased to welcome Nigel and Joan to the Board,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation and a member of the Board.
  • “Nigel adds a wealth of business innovation, technical knowledge and corporate strategic planning expertise to our Board.

Universal Display Corporation Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024

Revenue from material sales was $82.2 million in the fourth quarter of 2023 as compared to $88.3 million in the fourth quarter of 2022.

Key Points: 
  • Revenue from material sales was $82.2 million in the fourth quarter of 2023 as compared to $88.3 million in the fourth quarter of 2022.
  • Cost of material sales was $33.4 million in the fourth quarter of 2023 as compared to $26.6 million in the fourth quarter of 2022.
  • Total gross margin was 77% in the fourth quarter of 2023 as compared to 82% in the fourth quarter of 2022.
  • Operating income was $64.7 million in the fourth quarter of 2023 as compared to $83.1 million in the fourth quarter of 2022.

Universal Display Corporation Increases Quarterly Cash Dividend to $0.40 per Share

Retrieved on: 
Thursday, February 22, 2024

Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved an increased cash dividend of $0.40 per share on the Company's common stock for the first quarter of 2024, up from the previous quarter’s dividend of $0.35 per share.

Key Points: 
  • Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved an increased cash dividend of $0.40 per share on the Company's common stock for the first quarter of 2024, up from the previous quarter’s dividend of $0.35 per share.
  • The dividend is payable on March 29, 2024, to shareholders of record on March 15, 2024.
  • The dividend reflects our expected continued cash flow generation, and commitment to return capital to our shareholders.
  • Future dividends will be subject to Board approval.

Universal Display Corporation Announces Fourth Quarter and Fiscal Year 2023 Conference Call

Retrieved on: 
Monday, February 5, 2024

Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the fourth quarter and full year, ended December 31, 2023, will be released on Thursday, February 22, 2024, after market close.

Key Points: 
  • Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the fourth quarter and full year, ended December 31, 2023, will be released on Thursday, February 22, 2024, after market close.
  • At that time, a copy of the financial results release will be available on the Company’s website at https://oled.com/ .
  • In conjunction with this release, UDC will host a conference call on Thursday, February 22, 2024, at 5:00 p.m. Eastern Time.
  • The live webcast of the conference call can be accessed under the events page of the Company's Investor Relations website at ir.oled.com .

Universal Display Corporation Named to The Wall Street Journal’s List of Best-Managed Companies of 2023

Retrieved on: 
Monday, December 18, 2023

Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, has been named to The Wall Street Journal’s (WSJ) Top 250 ranking of The Best-Managed Companies of 2023 .

Key Points: 
  • Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, has been named to The Wall Street Journal’s (WSJ) Top 250 ranking of The Best-Managed Companies of 2023 .
  • The annual Management Top 250 ranking of America’s best-run companies is based on a holistic measure of corporate effectiveness that was developed by the Drucker Institute and examines five dimensions of corporate performance: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength.
  • “This recognition is a testament to the dedication, passion and hard work of our incredible UDC team members and is a celebration of our commitment to excellence in every facet of our global company,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation.
  • As we approach the 30th anniversary of UDC’s founding, we are excited to reach even greater heights in the future and make a lasting impact in the industry.”

BOE Technology Group and Universal Display Corporation Enter into Long-Term OLED Agreements

Retrieved on: 
Monday, November 27, 2023

Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced the signing of long-term OLED material supply and license agreements with BOE Technology Group Co., Ltd. (京东方) , a leading IoT innovation company providing intelligent interface products and services for information interaction and human health.

Key Points: 
  • Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced the signing of long-term OLED material supply and license agreements with BOE Technology Group Co., Ltd. (京东方) , a leading IoT innovation company providing intelligent interface products and services for information interaction and human health.
  • These agreements extend the strong partnership between the two companies.
  • Universal Display Corporation will continue to supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology to BOE Technology for use in its OLED displays through its wholly-owned subsidiary UDC Ireland Limited.
  • “We are pleased to enter into these long-term agreements that extend our robust partnership with BOE,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation.

Universal Display Corporation Announces Quarterly Cash Dividend of $0.35 per Share

Retrieved on: 
Thursday, November 2, 2023

Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved a fourth quarter cash dividend of $0.35 per share on the Company's common stock.

Key Points: 
  • Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved a fourth quarter cash dividend of $0.35 per share on the Company's common stock.
  • The dividend is payable on December 29, 2023, to shareholders of record on December 15, 2023.
  • The dividend reflects our expected continued cash flow generation, and commitment to return capital to our shareholders.
  • Future dividends will be subject to Board approval.