Universal Display (UDC) logoUniversal Display (UDC) is an OLED research company, and one of the field's pioneers. UDC is involved in OLED IP, and holds many patent related to the commercialization of phosphorescent based OLEDs and also flexible, transparent and stacked OLEDs - for both display and lighting applications. The company offers both emitting and host materials.

UDC licenses its OLED production IP, and also sells OLED chemicals. UDC's customer list include lists Samsung, LG, Konica Minolta, BOE and others. In fact almost all OLED displays on the market make use of the company's emitters.

UDC trades in the NASDAQ (ticker: OLED).

Company Address: 
375 Phillips Boulevard
Ewing, NJ 08618
United States

The latest UDC news:

UDC reported its financial results for Q1 2021

Universal Display reported its financial results for Q1 2021. UDC's revenues for the quarter were $134 million (down from $141.5 million in Q4 2020 and up from $112.3 million from Q1 2020) and net income was $51.7 million.

UDC RGB PHOLED materials photo

At the end of the quarter, UDC had $727 million in cash or equivalents. The company retained its 2021 guidance with revenues between $530 - $560 million.

The price of Iridium is at an all-time high, will that effect the price of OLED materials and displays?

Phosphorescent materials are based on the addition of a heavy-metal to the emissive materails, and most (if not all?) commercial materials use Iridium. The price of this rare metal has hit an all-time high last week.

Iridium Ore photo

Towards the end of last year, the price of one oz of Iridium was $1,760. Last week it hit $6,000 - the price jumped over 300% in just three months. Experts explain that the price has risen due to a disruption in the supply in South Africa (which supplies around 80% of the global market) and strong demand from the electrical and electrochemical sector.

UDC and PPG to establish a new PHOLED production site in Ireland

PPG Industries and Universal Display established a strategic relationship in 2000, and since then PPG is the exclusive producer of UDC's PHOLED emitter materials. The two companies announced that they will establish a new manufacturing site in Shannon, Ireland, for the production of UDC's emitters.

UDC RGB PHOLED materials photo

The new facility will double the production capacity of UDC's OLED emitters at PPG, and will also diversify the company's manufacturing base. UDC leased the Ireland site (which, up until now, was producing pharmaceutical intermediates) and will adapt it to PHOLED production. Facility improvements and regulatory approvals are expected to be completed in the next 12 months, and operations are scheduled to commence in early 2022.

UDC reports excellent Q4 2020 and full-year financial results

Universal Display reported its financial results for Q4 2020. Revenues reached a record of $141.5 million, and net income was $54 million. For the whole of 2020, revenues reached $429 million and net income was $133 million.

Universal Display PHOLED materials photo (2020)


UDC expects meaningful growth in 2021, and believe revenues will be in the range of $530 to $560 million. The company also announced an increase to its quarterly dividend (to $0.2 per share).

DSCC posts its latest outlook for the OLED materials market

DSCC posted an interesting post with its latest views and forecasts on the OLED material market. The company expects AMOLED stack material sales to grow at a 18% CAGR in the next five years, from $294 million in 2019 to $2.46 billion in 2024. Compared to its previous estimate, DSCC sees higher sales as demand for OLED TVs and OLEDs in the IT market (tablets and notebooks) is increasing.

AMOLED material revenues by application (2019-2025, DSCC)

DSCC also posted an analysis of LGD's new evo OLED material stack. Compared to LGD's "standard" WOLED stack, the evo adds an emitting green layer to improve the brightness by 20%. This of course adds an extra material cost to the panel price.

Is UDC getting ready to commercialize its plasmon OLED technology?

A couple of months ago we reported that researchers at UDC developed an OLED device with plasmonic decay rate enhancement that dramatically increase device stability. It turns out that UDC filed for two new trademark applications that seem to hint it is aiming to commercialize this technology.

UDC PLASMONLED trademark image

The two trademarks at PLASMON PHOLED and PLASMONLED, which both of course indicate that these are emitters that adopt plasmon technology.

University of Michigan researchers team up with UDC to develop a low cost flexible OLED lighting R2R production system

Researchers from the University of Michigan, in collaboration with Universal Display are developing a low-cost roll-to-roll (R2R) process to produce flexible OLED lighting panels. The goal is to achieve a panel cost of less than $10 per klm - a tenfold reduction compared to current costs.

R2R OVPD integrated system scheme (University of Michigan)

The roll-to-coll system can continuously produce encapsulation panels, at high speeds and reduce costs. The front plane (organic stack) deposition is done via OVPD. The researchers say the will demonstrate reliable, encapsulated 25 cm2 flexible white OLED panels with an efficacy of 50 lm/W and a CRI >85 on barrier-coated plastic films or thin glass.

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