Universal Display Corporation Named to Fortune’s 100 Fastest-Growing Companies List
November 03 2020 - 4:15PM
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 96th fastest-growing company on Fortune’s 2020 100
Fastest-Growing Companies list. This is the fourth time that
Universal Display has ranked on the publication’s annual
ranking.
“We are delighted to be named by Fortune Magazine as one of the
fastest growing global companies,” said Steven V. Abramson,
President and Chief Executive Officer of Universal Display. “This
recognition is a reflection of the hardworking and brilliant global
team at UDC. As a leader in the OLED ecosystem, we will continue to
cultivate our corporate culture of integrity, collaboration and
diversity as well as foster our steadfast drive for innovation,
continuous improvement and operational excellence.”
As noted by Fortune, its 2020 ranking of the world’s best
three-year performers in revenues, profits, and stock returns
offers some insights into the forces driving the global economy.
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 30, 2020. 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 the
research, development and commercialization of organic light
emitting diode (OLED) technologies and materials for use in
display, solid-state lighting applications with subsidiaries and
offices around the world. 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 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 impact of the COVID-19 pandemic on the
Company and otherwise, the Company’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
sections entitled “Risk Factors” in Universal Display Corporation’s
Annual Report on Form 10-K for the year ended December 31, 2019 and
subsequent Quarterly Reports on Form 10-Q. 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 investor@oled.com
media@oled.com +1 609-964-5123
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