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Universal Display Corporation Strengthens Management Team With Addition Of New Vice President Mauro Premutico

Universal Display Corporation (NASDAQ: PANL), enabling energy-efficient displays and lighting with its UniversalPHOLED ® technology and materials, today announced that Mr. Mauro Premutico, previously Managing Vice President and Chief Patent Counsel at The Walt Disney Company, has joined the company as Vice President, Legal and General Manager, Patents and Licensing. Premutico brings decades of experience in patent protection, intellectual property law, and licensing to Universal Display.

“We are delighted to have Mauro join our management team as we continue to build our company as the leading OLED technology developer and material supplier to the display and lighting industries,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “Mauro will lead our strategic initiatives to manage, defend, and further enhance our intellectual property. With his years of international experience in patent enforcement and defense as well as license negotiations, Mauro will play a key role as we move into the next phase of growth for our customers and shareholders.”

While at The Walt Disney Company as Managing Vice President and Chief Patent Counsel, Premutico managed the patent legal and corporate technology licensing teams for all Disney companies, served as lead negotiator on all significant patent and technology licensing matters, and developed teams that monetized Disney’s patent assets.

Before Disney, Premutico worked as Vice President, Intellectual Property Law and Licensing and Assistant General Counsel at Lenovo Group Holdings, where he helped build and oversaw its patent portfolio management and licensing teams in the U.S., China, and Japan. Before serving as Special Counsel at the law firm of Cleary Gottlieb Steen & Hamilton in New York, N.Y., where he was co-head of the Intellectual Property and Technology Practice, Premutico served as Vice President, Intellectual Property and Assistant General Counsel at Symbol Technologies, where his responsibilities included enforcement of its patents and negotiating key technology transactions.

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