Universal Display Corporation Honored with Governor’s Annual Occupational Safety & Health Award

April 18, 2018

EWING, N.J.–(BUSINESS WIRE)–$OLED #NJ—Universal
Display Corporation (Nasdaq: OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED®
technology and materials, today announced that it was awarded the
Citation of Merit Certificate for achievement in the prevention of
occupational injuries during calendar year 2017, as part of the 90th
Annual Governor’s Occupational Safety and Health Awards Program of New
Jersey. The Citation of Merit Certificate is awarded to a company,
facility, or department for working throughout the calendar year without
lost time from a work-related injury or illness.

“We are pleased to be recognized by the State of New Jersey for our
initiatives in creating a safe, healthy and productive work
environment,” said Steven V. Abramson, President and Chief Executive
Officer of Universal Display Corporation. “Led by the Company’s
commitment to its employees and community, this achievement also
reflects the diligence and hard work of the UDC team for continuous
improvement and implementation of our comprehensive occupational safety
and health programs.”

The Annual Governor’s Occupational Safety and Health Awards Program has
played an important role in promoting a safer and healthier workplace.
It is open to all places of employment, public and private, regardless
of size, and is sponsored by the New Jersey Department of Labor and
Workforce Development and the New Jersey State Industrial Safety
Committee. This year’s award program took place on April 17, 2018 at
Nottingham Ballroom in Hamilton, NJ.

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.

Headquartered in Ewing, New Jersey, with international offices in China,
Hong Kong, Ireland, Japan, South Korea, and Taiwan, and wholly-owned
subsidiary Adesis, Inc. based in New Castle, Delaware, Universal Display
works and partners with a network of world-class organizations,
including Princeton University, the University of Southern California,
the University of Michigan, and PPG Industries, Inc. The Company has
also established relationships with companies such as AU Optronics
Corporation, BOE Technology, DuPont Displays, Inc., EverDisplay
Optronics (Shanghai) Limited, Govisionox Optoelectronics, Innolux
Corporation, Japan Display Inc., Kaneka Corporation, Konica Minolta
Technology Center, Inc., LG Display Co., Ltd., Lumiotec, Inc., OLEDWorks
LLC, OSRAM, Pioneer Corporation, Royole Corporation, Samsung Display
Co., Ltd., Sharp Corporation, Sumitomo Chemical Company, Ltd., Tianma
Micro-electronics and Tohoku Pioneer Corporation. 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.

All statements in this document that are not historical, such as
those relating to Universal Display Corporation’s technologies and
potential applications of those technologies, the Company’s expected
results, 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, 2017.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.