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Universal Display Corporation Named to Fortune's 100 Fastest-Growing Companies

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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
60th fastest-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.

Headquartered in Ewing, New Jersey, with international offices in China,
Hong Kong, Ireland, Japan, South Korea, and Taiwan, and wholly-owned
subsidiary Adesis, Inc. based in New Castle, Delaware, Universal Display
works and partners with a network of world-class organizations,
including Princeton University, the University of Southern California,
the University of Michigan, and PPG Industries, Inc. The Company has
also established relationships with companies such as AU Optronics
Corporation, BOE Technology, DuPont Displays, Inc., EverDisplay
Optronics (Shanghai) Limited, Govisionox Optoelectronics, Innolux
Corporation, Japan Display Inc., Kaneka Corporation, Konica Minolta
Technology Center, Inc., LG Display Co., Ltd., Lumiotec, Inc., OLEDWorks
LLC, OSRAM, Pioneer Corporation, Royole Corporation, Samsung Display
Co., Ltd., Sharp Corporation, Sumitomo Chemical Company, Ltd., Tianma
Micro-electronics, Tohoku Pioneer Corporation and Visionox Technology.
To learn more about Universal Display Corporation, please visit https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo
are trademarks or registered trademarks of Universal Display
Corporation. All other company, brand or product names may be trademarks
or registered trademarks.

All statements in this document that are not historical, such as
those relating to Universal Display Corporation's technologies and
potential applications of those technologies, the Company's expected
results and future declaration of dividends, as well as the growth of
the OLED market and the Company's opportunities in that market, are
forward-looking financial statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You are cautioned not to place
undue reliance on any forward-looking statements in this document, as
they reflect Universal Display Corporation's current views with respect
to future events and are subject to risks and uncertainties that could
cause actual results to differ materially from those contemplated. These
risks and uncertainties are discussed in greater detail in Universal
Display Corporation's periodic reports on Form 10-K and Form 10-Q filed
with the Securities and Exchange Commission, including, in particular,
the section entitled "Risk Factors" in Universal Display Corporation's
annual report on Form 10-K for the year ended December 31, 2017.
Universal Display Corporation disclaims any obligation to update any
forward-looking statement contained in this document.

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