Welcome to our dedicated page for Universal Display news (Ticker: OLED), a resource for investors and traders seeking the latest updates and insights on Universal Display stock.
Universal Display Corp (NASDAQ: OLED) is at the forefront of the OLED revolution, pioneering innovative technologies and materials that are transforming the display and lighting industries. Established in 1994, the company has built a strong foundation of intellectual property, boasting more than 4,500 issued and pending patents worldwide. Universal Display is renowned for its proprietary OLED technologies and high-efficiency UniversalPHOLED® phosphorescent materials, which are integral to the development of low power and eco-friendly displays and lighting solutions.
As a world-class IP innovator, technology developer, patent licensor, and materials supplier, Universal Display plays a critical role in the rapidly expanding OLED market. The company licenses its cutting-edge technologies, enabling manufacturers to produce high-quality, energy-efficient displays for various applications including mobile phones, tablets, televisions, wearables, personal computers, and automotive interiors.
Universal Display's commitment to research and development has positioned it as a leader in the OLED industry. The company's state-of-the-art UniversalPHOLED materials are recognized for their superior performance and sustainability, making them a preferred choice for leading display and lighting manufacturers. With a significant portion of its revenue generated in South Korea, Universal Display also has a robust presence in Japan, China, the United States, and other major markets worldwide.
Recent achievements and ongoing projects highlight Universal Display's dedication to innovation and excellence. The company continues to advance its technology portfolio, explore new applications for OLEDs, and forge strategic partnerships to strengthen its market position. Financially, Universal Display remains strong, leveraging its extensive patent portfolio and technological expertise to drive growth and create value for its shareholders.
Stay updated with the latest developments, performance metrics, and news about Universal Display Corp to understand the company's impact on the OLED industry and its future prospects.
Universal Display Corporation (Nasdaq: OLED) has extended its long-term OLED material supply and license agreements with Tianma Micro-electronics Co., Ltd. for another multi-year term. The extension strengthens the collaboration between the two companies, which began in 2016. Tianma is expanding its OLED manufacturing capabilities, including a new $7.5 billion plant in Xiamen. Universal Display will continue providing its high-efficiency phosphorescent materials to support Tianma's growth in energy-efficient display solutions for various markets.
Universal Display Corporation (Nasdaq: OLED) has announced its participation in several upcoming investor and industry conferences, showcasing its leadership in organic light emitting diode technology. Key events include the Nasdaq’s 45th Virtual Investor Conference on December 1, 2021, featuring CEO Steven Abramson, and the UBS Global TMT Virtual Investor Conference on December 8, 2021, with CFO Sidney Rosenblatt. Additionally, Dr. Julie Brown will present at the Japan OLED Forum on November 18, 2021. These conferences highlight Universal Display's commitment to advancing energy-efficient and eco-friendly display technologies.
Universal Display Corporation (Nasdaq: OLED) reported record revenue of $143.6 million for Q3 2021, up from $117.1 million in Q3 2020, driven by increased material sales and royalty fees. Despite disruptions from the pandemic and supply chain issues, the company reaffirmed its 2021 revenue guidance of $530 million to $560 million. Notably, net income rose to $46.1 million or $0.97 per diluted share. UDC also announced an extension of its partnership with Tianma and received recognition for board diversity. The company continues to pursue growth opportunities in the OLED market.
Universal Display Corporation (NASDAQ: OLED) has announced a fourth quarter cash dividend of $0.20 per share, payable on December 30, 2021, to shareholders of record on December 16, 2021. This dividend reflects the company's confidence in its continued cash flow generation and commitment to returning capital to shareholders. Future dividends will be subject to Board approval. Universal Display is a leader in the development of organic light emitting diode technologies and holds over 5,000 patents worldwide.
Universal Display Corporation (NASDAQ: OLED) announced that it will release its third quarter financial results on November 4, 2021, after market close. Alongside the results, a conference call is scheduled for 5:00 p.m. ET on the same day, which will be accessible via their Investor Relations website. The company specializes in OLED technology and materials, holding over 5,000 patents worldwide, and aims to enable energy-efficient displays and solid-state lighting through its UniversalPHOLED® technology.
Universal Display Corporation (Nasdaq: OLED) announced the expansion of its subsidiary, Adesis, Inc., with a new state-of-the-art laboratory in Wilmington, Delaware, tripling its R&D space. This expansion aims to enhance Adesis' capabilities in organic and organometallic synthesis, supporting its growth in the chemical research sector. Governor John Carney commended the development as a boost to Delaware's economy, reflecting a commitment to innovation and job creation. The Adesis team expressed gratitude for state support, highlighting its role in contributing to Delaware's reputation in chemical research.
Universal Display Corporation (NASDAQ: OLED) announced its participation in upcoming investor conferences. The company will present at the Deutsche Bank Technology Conference on September 9, 2021, at 9:10 AM ET, and at the Citi 2021 Virtual Global Technology Conference on September 13, 2021, at 8:50 AM ET. Both events will be held virtually, with presentations by Executive Vice President and CFO Sidney Rosenblatt. Archived audio webcasts will be available on the company's investor relations website.
Universal Display Corporation (NASDAQ:OLED) announced the appointment of Linda Choi MacDonald as Chief Operating Officer of its subsidiary, Adesis, Inc. MacDonald brings over 25 years of biopharmaceutical experience, having previously served as COO at Avanir Pharmaceuticals and held key roles at UCB Biopharma and Eli Lilly. In her new role, she will oversee Adesis' P&L, operations, and strategy. The company specializes in organic chemistry services, supporting various industries including biotech and pharmaceuticals.
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