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Universal Display's CEO Hosts Annual Meeting Of Shareholders Conference (Transcript)

Universal Display Corporation (PANL)

Annual Meeting of Shareholders Conference Call

June 21, 2012 04:15 pm ET

Executives

Analysts

Presentation

[Abrupt Start]

….that’s why it’s scaling up there [shadow mask] technology that they are using for their smartphones, they are in the Galaxy Pads and the Galaxy Notes, and LG Display is using a white (inaudible) technology, conventional wisdom says the shadow mask approach may have better contrast resolution, what we call filter replace might be less expensive and both again would hold up in LCD TV and both of them should be less expensive to manufacture than LCD TV.

White lighting is starting to come around as well; not a lot of commercial production, but it’s only prototyping at this stage, prototyping around the world from a number of different companies, any (NHC) Lighting, Toshiba, Lumiotec, Panasonic, Idemitsu, Acuity and of course the UDC one world lightings. We see a number of people working in the lighting industry and we think that in the next few years we will start seeing that business taking off.

Our business model is one of combining intangible property, technology licensing with tangible property and in case for materials supply, we have developed quality revenue and quality earnings. In perseverance we spent 16 years, spending $225 million on research and development in this field. We have over 1,500 issued and pending patents worldwide, a 25% increase over last year. We have fundamental prototype issued throughout the world and on materials (inaudible) have been in commercial use since 2003 redoing device qualification.

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