| Universal Display Corporation (NASDAQ: PANL; PHLX: PNL) is a leading developer of organic light emitting diode (OLED) technologies for flat panel displays, lighting and other optoelectronic applications. Established in June 1994, the Company is traded on the NASDAQ stock exchange with a market capitalization in the U.S. in excess of $250 million. The Company has made strategic, proprietary advances in OLED technologies such as phosphorescent OLEDs (PHOLEDsTM), flexible OLEDs (FOLEDsTM) and transparent OLEDs (TOLEDsTM) with rights in over 500 issued and pending patents worldwide. Universal Display is working with a network of world-class organizations to commercialize its technology and currently employs 45 individuals. The OLED industry is expected to grow to $3 billion by 2007 from $100 million in 2002. |
