MRO Magazine

UDC Korea Opens New Headquarters


October 27, 2015
By Business Wire News

EWING, N.J.

UDC Korea, a wholly owned subsidiary of Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today the opening of its new headquarters in Pangyo Techno Valley. The new facility will serve as the central point of UDC’s South Korean operations and provide space for customer support teams, technology projects and on-site meetings and events. Additionally, Soo Yung Jung has been appointed Vice President of UDC Korea to oversee business operations in Korea, including development efforts with current and new partners. Jung has an extensive electronics and materials engineering background that spans over two decades, including leadership positions at Lafarge, PIC, GE Plastics and KLT.

“As OLED technology continues to rise in popularity, UDC is making ongoing investments in Korea to support customer success and further expand and deepen our service capabilities,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “We are excited to continue supporting our partners’ growth and look forward to seeing new paths carved out in the OLED display and lighting product roadmaps.”

Abramson continued, “We are pleased that Soo Yung Jung has joined UDC. His significant technical expertise in the Korean electronic materials market will be incredibly valuable as we continue to expand and grow our business.”

“I am excited to join such a dynamic and innovative company as we enter this next chapter of the OLED revolution,” said Soo Yung Jung. “I look forward to building upon Universal Display’s strong presence in Korea, and continuing to deliver exceptional service and solutions to our partners.”

Universal Display Corporation has been expanding its technical and customer support teams in China, Hong Kong, Japan and Taiwan, including the recent appointment of OLED veteran, Toshio Obara, as Senior Advisor of UDC Japan.

To see how Universal Display is changing the face of the display and lighting industries with its UniversalPHOLED, white OLED, and flexible OLED technologies, please visit the company’s website at http://www.udcoled.com.

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 3,500 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 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.

Based in Ewing, New Jersey, with offices in California, Ireland, South Korea, Hong Kong, Japan and Taiwan, 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., Innolux Corporation, Kaneka Corporation, Konica Minolta Technology Center, Inc., LG Chem Ltd., LG Display Co., Ltd., Lumiotec, Inc., OLEDWorks LLC, Philips Technologie GmbH, Pioneer Corporation, Samsung Display Co., Ltd., Sumitomo Chemical Company, Ltd. and Tohoku Pioneer Corporation.. To learn more about Universal Display, please visit http://www.udcoled.com.

Universal Display Corporation and the Universal Display 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 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, 2014. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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Investor Relations:
Universal Display
Darice Liu, 609-671-0980 x570
investor@udcoled.com
or
Media Contact:
Kwittken
Jon Stone, 646-747-7161
media@udcoled.com