UNIVERSAL DISPLAY

History

Year	Detail
1994	Sherwin Seligsohn founds Universal Display Corporation.
1996	Universal Display Corporation becomes publicly traded on NASDAQ.
1998	Energy-saving phosphorescent OLED technology (PHOLED) discovery by the UDC research team at Princeton University and University of Southern California.
2000	The materials development and supply agreement was signed with PPG Industries.
2003	The first OLED display manufacturer, Tohoku Pioneer, uses red UniversalPHOLED materials and technology.
2006	The first active-matrix OLED for a mobile phone application, made by AUO, uses UniversalPHOLED material and device technology.
2007	Samsung SDI launched its first active-matrix OLED for mobile phone applications using UniversalPHOLED material and device technology.
2008	UDC achieves record White PHOLED lighting efficiency of over 100 lm/W. Green UniversalPHOLED achieves lifetime milestones for commercial evaluation.
2010	The company has opened office in Seoul, Korea. OLED Smartphone – Samsung Electronics launches the Galaxy S1 smartphone with an OLED screen using UniversalPHOLED material and technology.
2011	UDC opens offices in Tokyo, Japan, and Hong Kong Lab.
2012	It has acquired Fujifilm’s entire worldwide OLED patent portfolio of more than 1,200 OLED patents and patent applications.
2013	UDC opened its Ireland Office and Opened a second UniversalPHOLED materials production facility at PPG’s Barberton, Ohio plant.
2014	The first commercial OLED lighting fixtures from Acuity Brands were launched at Home Depot using PHOLED panels from LG Chem.
2015	UDC opened a new expansive headquarters in Korea, in Pangyo Techno Valley.
2016	Acquired BASF’s OLED IP assets consisting of over 500 issued and pending patents around the world in 86 patent families. And also acquired Adesis, Inc., an Organic Synthesis CRO specializing in organic and organometallic synthetic research, development, and commercialization. UDC established a Chinese subsidiary, Universal Display Corporation China, Ltd.
2019	Established UDC Ventures, UDC opens a new corporate and laboratory facility in Hong Kong with a state-of-the-art PHOLED Application Center.
2020	UDC opened a new corporate and laboratory facility in Pangyo Techno Valley, South Korea, with a state-of-the-art PHOLED Application Center and Established OVJP Corporation.
2021	UDC (OLED Material Manufacturing Ltd) and PPG establish a new UniversalPHOLED manufacturing site in Shannon, Ireland.
2023	Acquired Merck KGaA, Darmstadt, Germany’s phosphorescent OLED emitter IP assets consisting of 550 issued and pending patents around the world in 172 patent families.