OLED INVESTOR PRESENTATION
Updated: May 2024
Forward-Looking Statements
All statements in this document that are not historical, such as those relating to the projected
adoption, development and advancement of the Company's technologies, and the Company's
expected results and future declaration of dividends, as well as the growth of the OLED market and the Company's opportunities in that market, are forward-looking financial 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, 2023. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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Universal Display Corporation (UDC) Overview
Who We Are
UDC (Nasdaq: OLED) is a leader in the research, development & commercialization of OLED technologies and materials for use in display and solid-state lighting applications.
- Founded in 1994
- Subsidiaries and offices around the world
- Since inception, UDC's innovation strategy has centered on building a strong foundation of best-in-class OLED materials and technologies.
OLED Pioneer Enabling Industry Growth
Leading Global Supplier of Energy- Efficient PHOLED Materials
Innovator with Robust IP Portfolio of 6,000+ Patents Issued and Pending Worldwide*
Key Industry Partner Providing Support with 30-Years of OLED Expertise
*As of April 26, 2024
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UDC: Strong Corporate Citizen
UDC's Energy-Efficient
Phosphorescent Materials
100% UniversalPHOLED® emitters save energy
UDC's emitters do not use conflict minerals
Diverse & Inclusive Workplace
Geographic: from over 25 countries
Gender: 22% female and 78% male1
Cultural diversity
Diverse Board of Directors2
40% female and 60% male2
Named a 2023 Champion of Board
Diversity by The Forum of Executive Women
Community Outreach | ISO Certifications | Recognitions | ||||||||
Foster educational STEM initiatives | ISO 9001:2015 (quality) | Newsweek: America's Greenest | ||||||||
Companies 2024 | ||||||||||
Support community organizations | ISO 14001:2015 (environment) | |||||||||
WSJ: The 250 Best-Managed | ||||||||||
Employee charity matching program | ISO 45001:2018 (health/safety) | Companies 2023 | ||||||||
1As of December 31, 2023 | 2As of March 4, 2024 | ||||||||||
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UDC's Global Footprint
United States
UDC HQ (NJ)
Adesis, Inc. (DE)
OVJP Corporation (CA)
UDC Ventures LLC (NY)
PPG (PA & OH)
UDC China
UDC Hong Kong
UDC Ireland
OLED Material Manufacturing Ltd (OM2) & PPG
UDC Japan
UDC Korea
UDC Taiwan
As of December 31, 2023
UDC HQ
More Than
450
Employees
Including more than
320
Scientists, engineers and technicians
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UniversalPHOLED® = Energy Efficiency
UDC's patented and award-winning phosphorescent OLED technology and materials are integral to enabling low power consumption in OLED displays and lighting.
Key Benefits of Phosphorescent Emitters
- Enable energy efficiency
- Reduce requirements for heat dissipation components
- Increase lifetime
- Lower product cost
Cornerstone: Phosphorescent OLED (PHOLED) Innovation
Energy Efficiency
100% Light*
Electric | Phosphorescent | 0% Wasted Heat |
Current | Emitter | |
With trailblazing energy efficiency:
Up to 4x the efficiency of fluorescent OLED
*100% Internal Quantum Efficiency Baldo et. al., Nature, 395, 151 (1998)
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UniversalPHOLED® Energy Efficiency Innovation
Power (mW)
800
600
400
200
0
2015 2018 2021 2022 2023 2024 RGB (PHOLED)
Red & green PHOLED with fluorescent blue
Smartphone Display Power Consumption
Current performance (2024)
Red & green PHOLED w/ fluorescent blue
~68% | Energy consumption |
compared to 2015 |
Projected additional performance improvement
Full red, green & blue PHOLED vs. Prior devices containing fluorescent blue
~25% Energy consumption compared to 2024
Based on a 5.0" OLED display operating at 600 cd/m2 with video (50% pixels on). PHOLED data is based on UDC estimates. PHOLED=Phosphorescent
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Phosphorescent OLED Carbon Savings
Calculated assumptions
There are at least 1.8 billion active OLED smartphones using UDC's PHOLED materials and technology in the world today and, assuming:
Average use is 4 hours per day
Average luminance at 600 nits with 50% pixels on
Power savings is 30% over LCD
Power savings
Power saving per display is 0.46W | Total savings per year is an estimated 1,216 GW-h per year | |||||||||||||||
861,758 Metric tons of carbon dioxide | Equivalent to carbon sequestered by | |
14,249,241 tree seedlings | ||
(CO ) equivalent avoided per year1 | ||
1 | ||
2 | grown for 10 years |
1https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator | 8 |
UDC's Business Model
Innovation &
Invention
Device &
Architecture IP
Composition
of Matter IP
OLED Enabler
Patent Licensing
PHOLED Emitters
& Hosts
Revenues
License &
Royalty Fees
Material Sales
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What Is an OLED?
- An Organic Light Emitting Diode is a series of organic thin films between two conductors
- When electrical current is applied, bright light is emitted
- OLEDs can be used for displays and lighting
- OLEDs are not just thin and efficient - they can also be made flexible and transparent
UniversalPHOLED®
Materials in Emissive Layer
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Disclaimer
Universal Display Corporation published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 22:46:09 UTC.