Market Overview

Japanese IP High Court Reverses JPO Invalidation of Universal Display's Early Phosphorescent Patent

Universal
Display Corporation (Nasdaq: OLED), enabling energy-efficient
displays and lighting with its UniversalPHOLED®
technology and materials, today announced that the Japanese IP High
Court delivered a decision reversing the Japanese Patent Office's (JPO)
prior invalidation of the broad claims in the Company's Japanese Patent
No. JP-4511024 (the JP ‘024 patent). The matter was remanded back to the
JPO for further consideration consistent with the IP High Court's ruling.

The JPO's prior decision, on May 10, 2012, confirmed the novelty of
Universal Display's basic invention in JP ‘024, but invalidated the
broad claims. This was in response to Semiconductor Energy Laboratory
Co., Ltd.'s (SEL) June 2011 request for a complete invalidation of JP

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