Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED^® technology and materials, today announced its sponsorship, invited presentation, and conferral of its annual innovation and technology awards at the 25th International Meeting on Information Display (IMID 2025) conference. Organized by the Korean Information Display Society (KIDS) and Society for Information Display (SID), IMID 2025 took place August 19-22 in Busan, South Korea.

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UDC's Dr. Mike Weaver (center) presenting UDC's annual Innovative Research and Pioneering Technology Awards to Tae Wook Yang (left) and Dong Jun Kim (right).

As part of the conference program, Dr. Mike Weaver, UDC’s Vice President & Deputy Chief Technology Officer of PHOLED R&D, delivered an invited presentation on August 20 titled “OLED Displays 2.0.” His talk highlighted the efficiency and lifetime benefits of UDC’s novel Plasmonic PHOLED device architecture, and explored the development and deployment of phosphorescent OLEDs in extreme environments.

On August 21, Dr. Weaver also presented UDC’s prestigious awards:

UDC Innovative Research Award in Organic Electronics & Display: Tae Wook Yang, Seung Hyun Jo, and Min Chul Suh (Kyung Hee University, Korea) for their paper “Privileged Structure-Based Molecular Fingerprints for Organic Electronic Materials: Towards Intuitive Machine Learning Interpretation and Efficient Molecular Design.”

UDC Pioneering Technology Award in Organic Electronics & Display: Dong Jun Kim (Yonsei University & LG Display Co., Ltd., Korea), I. Sak Lee, Hyun Kyu Lee (LG Display Co., Ltd., Korea), Jae Seong Yun, Young Wook Kim (Yonsei University, Korea), Se Hwan Na, Young Ju Park, Hong Soo Kim, Sang Yoon Park (LG Display Co., Ltd., Korea), and Hyun Jae Kim (Yonsei University, Korea) for their paper “Improved Power Structure for Enhanced Image Quality of AMOLED Displays at Low Luminance Levels.”

“We are proud to honor these researchers whose work is advancing the science of organic electronics and displays,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Innovation is the cornerstone of our mission at UDC. We believe that fostering bold ideas and supporting pioneering research are essential to driving progress across the industry. These awards reflect our commitment to celebrating excellence and encouraging the breakthroughs that propel the display industry and organic electronics forward.”

The UDC awards recognize outstanding individuals or teams that have demonstrated innovative ideas or research initiatives impacting the organic electronic and display industries. The winners were selected by IMID and KIDS.

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 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 6,500 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 energy-efficient 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. 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 the projected adoption, development and advancement of the Company’s technologies, and 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, 2024. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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