06.18.21
Universal Display held its Virtual 2021 Annual Meeting of Shareholders. Steven V. Abramson, Universal Display's president and CEO, reported that 2020 was a year filled with innovation and accomplishment, flexibility and determination, as well as with uncertainty and challenge as the company navigated the ongoing pandemic.
“Last year, we announced long-term agreements with China Star Optoelectronics, achieved record quarterly revenue in the fourth quarter of 2020, celebrated the 20-year anniversary of our strategic partnership with PPG, and established OVJP Corporation to advance the commercialization of our novel and groundbreaking OLED TV manufacturing technology,” said Abramson. “Due to the tremendous and commendable agility and focus of everyone at UDC in 2020, we secured every customer shipment, strengthened our first-mover advantage in the OLED ecosystem, and positioned the company to emerge stronger when this global crisis ends.”
“Year-to-date, we signed new extended long-term agreements with LG Display and Visionox, announced that UDC Ireland Limited and PPG are jointly establishing a new manufacturing site in Shannon, Ireland, that will be designed to double the production capacity and diversify the manufacturing base for UDC’s phosphorescent emitters, celebrated our 25th year as a NASDAQ-listed company with the opening bell ceremony on April 12th, and we were named to Financial Times’ The Americas’ Fastest-Growing Companies 2021 list,” Abramson added.
During the annual meeting, shareholders voted on the three proposals described in the company’s proxy statement for the meeting. The shareholders re-elected all nine nominees for the company’s Board of Directors.
“Last year, we announced long-term agreements with China Star Optoelectronics, achieved record quarterly revenue in the fourth quarter of 2020, celebrated the 20-year anniversary of our strategic partnership with PPG, and established OVJP Corporation to advance the commercialization of our novel and groundbreaking OLED TV manufacturing technology,” said Abramson. “Due to the tremendous and commendable agility and focus of everyone at UDC in 2020, we secured every customer shipment, strengthened our first-mover advantage in the OLED ecosystem, and positioned the company to emerge stronger when this global crisis ends.”
“Year-to-date, we signed new extended long-term agreements with LG Display and Visionox, announced that UDC Ireland Limited and PPG are jointly establishing a new manufacturing site in Shannon, Ireland, that will be designed to double the production capacity and diversify the manufacturing base for UDC’s phosphorescent emitters, celebrated our 25th year as a NASDAQ-listed company with the opening bell ceremony on April 12th, and we were named to Financial Times’ The Americas’ Fastest-Growing Companies 2021 list,” Abramson added.
During the annual meeting, shareholders voted on the three proposals described in the company’s proxy statement for the meeting. The shareholders re-elected all nine nominees for the company’s Board of Directors.