EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that the Company was named the 60thfastest-growing company on Fortune’s 2018 100 Fastest-Growing Companies list. This is the third time that Universal Display has ranked on the publication’s annual listing.
As noted by Fortune,its 2018 ranking of the world’s top three-year performers in revenues, profits, and stock returns provides a snapshot of the trends driving the global economy, such as the continued ascendance of the technology sector.
“We are proud to be recognized by Fortune Magazine as one of the fastest growing global companies,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “This honor is a reflection of the drive, desire, dedication, and heart of UDC’s team in elevating and shaping the Company’s accomplishments and advancements. As OLED proliferation continues in the display and lighting markets, and additional capacity is built to serve these markets, we believe that Universal Display is well positioned to leverage these vast opportunities into top and bottom-line growth.”
Fortune’s list ranks public companies, with market capitalization of $250 million or more, based on revenue growth rate, EPS growth rate and three-year annualized total return for the period ended June 29, 2018. To compute the revenue and EPS growth rates, Fortune uses a trailing-four-quarters log linear least square regression fit. Please visit Universal Display’s full profile on Fortune’s list for more information.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in developing and delivering state-of-the-art, organic light emitting diode (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the Company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 4,800 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of low power and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training.
