Universal Display is the recognized leader in high-performance, energy-efficient phosphorescent OLED technology and materials that offer up to four times the efficiency of conventional OLED technology. The AMOLED market, with much of its existing and anticipated OLED manufacturing base located in Korea, is estimated to double again to almost $6 billion this year. This relationship with Duksan in Korea complements Universal Display’s long-term exclusive materials manufacturing relationship with PPG Industries and will bring Universal Display closer to its customer base, enhancing its ability to support their current and future needs.Universal Display and Duksan are also pleased to announce that they have mutually agreed to seek dismissal of all pending patent invalidation proceedings involving the two companies in Korea. To see how Universal Display is changing the face of the display and lighting industries with its UniversalPHOLED ®, white OLED and flexible OLED technologies, please visit the company at www.universaldisplay.com. About Duksan Hi-Metal Company Limited Duksan Hi-Metal (KOSDAQ: 077360) is a global leader in developing and distributing organic light emitting device (OLED) technologies and services and semiconductor packaging materials such as solder ball, solder powder, conductive ball. Founded in 1999 and listed in 2005, Duksan Hi-Metal supplies OLED materials (HTL and HIL) to Samsung Display and solder ball to SEC, SK Hynix and overseas customers. Duksan Hi-Metal’s main business had been solder ball until August 31, 2009 when Duksan Hi-Metal merged LUDIS into its EL Material Division. AMOLED material accounted for half of its total revenue in 2011. Duksan Hi-Metal is a major supplier of HTL material to Samsung Display and of solder ball to SEC. Duksan Hi-Metal develops and delivers high-performance and price-competitive products that can enable the sustainable growth of the OLED and Semiconductor industries. About Universal Display Corporation Universal Display Corporation (Nasdaq: PANL) is a leader in developing and delivering state-of-the-art, organic light emitting device (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 2,700 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED phosphorescent OLED technology that can enable the development of low power and eco-friendly displays and white 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, please visit www.universaldisplay.com. Universal Display Corporation and the Universal Display 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 Universal Display Corporation’s technologies and potential applications of those technologies, are forward-looking 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 section entitled “Risk Factors” in Universal Display Corporation’s annual report on Form 10-K for the year ended December 31, 2011. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.