Universal Display Corporation (UDC), manufacturer of UniversalPHOLED technology and materials, has ranked 25th on the 2014 Fortune magazine list of the 100 fastest-growing public companies.
Universal Display was New Jersey’s fastest-growing public company and a leading company among the technology sector rankings. Fortune magazine has noted UDC’s revenue and EPS growth, with three-year annual growth rates of 63 per cent and 144 per cent, respectively. The company attributes its growth to the expanding OLED market and rapid adoption of its UniversalPHOLED technology and phosphorescent material systems.
Steven V Abramson, UDC president and CEO
"The OLED industry is growing rapidly, and we have positioned Universal Display to capitalise on the myriad opportunities within the display and lighting industries,” said Steven V Abramson, president and CEO of UDC. “It’s an honour to be ranked among so many successful global companies. With our customers and partners, we are building for sustainable innovation and growth in the OLED industry.”
Fortune’s list ranks public companies with market capitalisation of $250 million (150.6 million) or more, based on revenue growth rate, EPS growth rate and three-year annualised total return for the period ending 30 June 2014.
As reported by Lighting, UDC recently reached an agreement with Philips to supply its PHOLED phosphorescent OLED materials and technology for use in commercial OLED lighting products.
