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Universal Display Corporation (PANL)
Deutsche Bank dbAccess Technology Conference
September 13, 2012 12:30 pm ET
Sidney Rosenblatt - Chief Financial Officer, Executive Vice President
Vishal Shah - Deutsche Bank Securities
PresentationVishal Shah - Deutsche Bank Securities
Hi, good morning, everyone. Thanks for joining today. My name is Vishal Shah. I am the analyst on the Universal Display. With us today, is Sid Rosenblatt, who is the Chief Financial Officer of Universal Display and as many of you know, UDC is one of the leading OLED materials and IP company based out of New Jersey and has a very dominant market presence in the OLED market.
So with us, Sid is going to talk about the company in a couple of quick slides and then we will open it up for Q&A. Thanks, Sid.
Thank you very much and thank you for your time. All of you have seen this a zillion times, so I appreciate if you would read it. As I say, we pay our lawyers a lot of money and it would be nice if somebody would read it. So, we would appreciate if you would read all our K's and Q's.
We are an intellectual property development company. We started the company funding research at Princeton University and the University of Southern California. We have invested over $225 million. We have more than 2,700 patents issued and pending worldwide in the OLED space.
Our fundamental patents cover a process that we call phosphorescence and I will go into a little bit more detail as we have the Q&A but essentially our technology gives you a very power efficient light source. So that these emissive materials that are used in an OLED and an OLED is very different than any other type of display. We use 75% less energy than conventional OLEDs to get the same amount of light to power the molecule which when you translate, it means you can extend the battery life of the device that it is in.