Universal Display Receives 2018 BOE Technology Supplier Award for Outstanding Strategic Partner

May 23, 2018

EWING, N.J.–(BUSINESS WIRE)–$OLED #BOE—Universal
Display Corporation (Nasdaq: OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED┬«
technology and materials, today announced that it has received the 2018
Supplier Award for Outstanding Strategic Partner from BOE Technology
Group Co., Ltd (õ║¼õ©£µû╣). The prestigious award recognizes the supplier for
outstanding performance, technology innovation, collaboration and supply
chain excellence. The distinction was presented during BOEÔÇÖs Supplier
Partners Conference, held May 11, 2018 in Hefei, China. In 2016 and
2017, BOE recognized Universal Display with the Collaborative Innovation
Supplier award.

ÔÇ£We are honored to have been recognized by BOE Technology as a 2018
Outstanding Strategic Partner,ÔÇØ said Steven V. Abramson, President and
Chief Executive Officer of Universal Display. ÔÇ£Since inception,
Universal DisplayÔÇÖs innovation strategy has centered on building a
robust foundation of best-in-class OLED technologies. We are proud of
the strong and growing partnership with BOE, the global leader in the
semiconductor display industry that is pioneering the commercialization
of high-volume OLED production in China, with one fab in mass production
and another under construction. This distinguished supplier award
illustrates our commitment to developing and delivering solutions that
help enable our customersÔÇÖ technology roadmaps for cutting-edge, bright,
beautiful, highly efficient OLED displays. I thank and applaud our
world-class team for their diligence and hard work for this well-earned
achievement.ÔÇØ

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in developing
and delivering state-of-the-art, organic light emitting diode (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
4,500 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 solid-state
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 Corporation, please visit http://www.oled.com.

Universal Display Corporation and the Universal Display Corporation logo
are trademarks or registered trademarks of Universal Display
Corporation. All other company, brand or product names may be trademarks
or registered trademarks.

About BOE

BOE Technology Group Co., Ltd., founded in April 1993, is a global
leader in semiconductor display industry as well as an IoT company
providing intelligent interface products and professional services for
information interaction and human health. BOEÔÇÖs three core businesses
are Display and Sensor Devices, Smart Systems and Healthcare Services.
BOEÔÇÖs display and sensor products are widely used in a broad spectrum of
applications such as mobile phone, tablet, notebook, monitor, TV,
vehicle display, digital information display, healthcare, finance, and
wearable devices. Smart systems provide IoT integrated solutions for
various industries such as new retail, transportation, finance,
education, art, etc. Healthcare services combine medicine and life
science, and is committed to developing mobile healthcare, digital
hospitals, regenerative medicine and healthcare park solutions.

All statements in this document that are not historical, such as
those relating to Universal Display CorporationÔÇÖs technologies and
potential applications of those technologies, the CompanyÔÇÖs expected
results, as well as the growth of the OLED market and the CompanyÔÇÖs
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 CorporationÔÇÖs 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
CorporationÔÇÖs periodic reports on Form 10-K and Form 10-Q filed with the
Securities and Exchange Commission, including, in particular, the
section entitled ÔÇ£Risk FactorsÔÇØ in Universal Display CorporationÔÇÖs
annual report on Form 10-K for the year ended December 31, 2017.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.