EWING, N.J.-- October 11, 2022 -- Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that LG Display presented the Company with the Technology Innovation Award during its Tech Forum event that was held October 5 to October 8, 2022.

“We are honored to receive this distinguished award from our esteemed partner of approximately two decades,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Our collaboration with leading panel maker LG Display began when the OLED industry was still in its nascent research stage, and this longstanding relationship has grown into a strong partnership. As a pioneer in the OLED industry, we are continuously expanding our R&D investments and initiatives to innovate, invent, develop and deliver novel, state-of-the-art OLED technologies and next-generation, energy-efficient phosphorescent materials. I applaud our brilliant team and their commitment to excellence for this prestigious recognition.”