Universal Display Ranked 170th Fastest Growing Company in North America on Deloitte 2013 Technology Fast 500

Universal Display Corporation announced it ranked 170th on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. In its ninth year ranking as a Technology Fast 500 award winner, and sixth year consecutively, Universal Display grew 652% from 2008 through 2012.

Steven V. Abramson, Universal Display’s president and CEO, credits the growing OLED display market and global adoption the company’s UniversalPHOLED technologies and materials with the company’s 652% revenue growth.

“Universal Display is in a strong position to take advantage of the growing OLED market, which is still young and poised for robust growth,” Abramson said. “We continue to develop a growing and protected phosphorescent OLED IP and materials technology portfolio, which will allow us to meet increased demand among global OLED display and lighting manufacturers. As a pioneer and leader in the OLED market, we will continue to target current and future applications for our technologies to increase shareholder value.”

Universal Display previously ranked 198th as a Technology Fast 500 award winner for 2012.