Universal Display Corporation Ranked Among Deloitte's 2016 Technology Fast 500™

Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced it ranked 474 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America based on its fiscal year revenue growth from 2012 to 2015. Universal Display grew 130 percent during this period.

Universal Display's President and Chief Executive Officer, Steven V. Abramson, credits the emergence of a multitude of new consumer electronics manufacturers adopting OLED for its design roadmaps, with the Company's 130% revenue growth. Abramson said, "With the ongoing proliferation of OLED products, we see a market environment that offers extraordinary and expanding opportunities, including novel plastic-based form factors that we believe can blaze new paths for innovative and novel consumer goods in the display and lighting landscape. OLED momentum is accelerating and it is spurring new investments, new capacity, and new products, which we expect to substantially bolster the growth of the industry as well as our Company. Our inclusion in these prestigious Deloitte rankings for the twelfth time and ninth consecutive year is a true honor and speaks to the extraordinary work and commitment to excellence by UDC employees and our highly valued industry partners."

"Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. "This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls."

"This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors."

If you liked this article you might like

I Watched the Apple iPhone X Reveal Live and Thought It Was So Lame

Jim Cramer on Apple, Universal Display, Micron, Nordstrom and Caterpillar

Now Is Not the Time to Buy Universal Display, Jim Cramer Says

Apple's Special Event Was Lame

A Stampede of Buying: Cramer's 'Mad Money' Recap (Monday 9/11/17)