Adesis Inc.

New Castle, DE, United States

Adesis Inc.

New Castle, DE, United States
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News Article | May 4, 2017
Site: www.businesswire.com

EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today reported financial results for the first quarter ended March 31, 2017. “We are pleased to report excellent first quarter results across the board, including record emitter sales,” said Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer of Universal Display. “It is an exciting time for the OLED industry. We are encouraged by the momentum that we are seeing from our customers as well as from the supply chain that supports the OLED ecosystem. With customers’ mounting investments in new manufacturing capacity and the development of an array of new display and lighting products, we expect our growth trajectory to be positive for the foreseeable future.” Rosenblatt continued, “As we look forward, we believe that the OLED industry is poised to grow faster than earlier expectations this year. We are therefore raising our 2017 revenue guidance range to at least $260 million to $280 million, reflecting year-over-year growth of 30% to 40%. Additionally, we are pleased to announce that the Board of Directors approved a second quarter dividend of $0.03 per share.” Financial Highlights for the First Quarter of 2017 The OLED industry is still at a stage where many factors can have a material impact on its growth. The Company now has sufficient visibility into its potential future financial performance for this year to estimate 2017 revenues to at least be $260 million to $280 million. The Company also announced a second quarter cash dividend of $0.03 per share on the Company’s common stock. The dividend is payable on June 30, 2017, to all shareholders of record as of the close of business on June 15, 2017. In conjunction with this release, Universal Display will host a conference call on Thursday, May 4, 2017 at 5:00 p.m. Eastern Time. The live webcast of the conference call can be accessed under the events page of the Company's Investor Relations website at ir.oled.com. Those wishing to participate in the live call should dial 1-800-967-7141 (toll-free) or 1-719-457-2604, and reference conference ID 4010879. Please dial in 5-10 minutes prior to the scheduled conference call time. An online archive of the webcast will be available within two hours of the conclusion of the call. 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 4,200 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., Innolux Corporation, Kaneka Corporation, Konica Minolta Technology Center, Inc., LG Display Co., Ltd., Lumiotec, Inc., OLEDWorks LLC, OSRAM, Pioneer Corporation, Samsung Display Co., Ltd., Sumitomo Chemical Company, Ltd., Tianma Micro-electronics and Tohoku Pioneer Corporation. To learn more about Universal Display Corporation, please visit http://www.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, 2016. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.


EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved a second quarter cash dividend of $0.03 per share on the company's common stock. The dividend is payable on June 30, 2017 to shareholders of record as of the close of business on June 15, 2017. Future dividends will be subject to Board approval. 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 4,200 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., Innolux Corporation, Kaneka Corporation, Konica Minolta Technology Center, Inc., LG Display Co., Ltd., Lumiotec, Inc., OLEDWorks LLC, OSRAM, Pioneer Corporation, Samsung Display Co., Ltd., Sumitomo Chemical Company, Ltd., Tianma Micro-electronics Co., and Tohoku Pioneer Corporation. To learn more about Universal Display Corporation, please visit http://www.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, 2016. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.


Santa Clara, California headquartered Applied Materials Inc.'s shares saw a decline of 5.13%, finishing Wednesday's trading session at $42.76. A total volume of 20.01 million shares was traded, which was higher than their three months average volume of 8.37 million shares. In the last month and the previous three months, the stock has advanced 12.38% and 20.83%, respectively. Additionally, the Company's shares have gained 32.88% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.49% and 28.62%, respectively. Moreover, shares of Applied Materials, which provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide, have a Relative Strength Index (RSI) of 57.60. On May 08th, 2017, Applied Materials announced that Gary Dickerson, President and CEO, will participate in a question-and-answer session at the J.P. Morgan Technology, Media and Telecom Conference in Boston on Monday, May 22nd, 2017, beginning at 4:20 p.m. EDT. A live, audio webcast of the session will be available on the Company's website. On May 15th, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $42 a share to $50 a share. Free research report on AMAT is available at: http://stock-callers.com/registration/?symbol=AMAT On Wednesday, shares in Fremont, California headquartered Lam Research Corp. recorded a trading volume of 2.28 million shares. The stock ended the session 3.47% lower at $147.27. The Company's shares have gained 15.57% in the last one month, 27.19% over the previous three months, and 39.82% on an YTD basis. The stock is trading 9.70% above its 50-day moving average and 33.93% above its 200-day moving average. Furthermore, shares of Lam Research, which designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits, have an RSI of 57.89. On May 15th, 2017, Lam Research announced that Dr. Young Bum Koh has joined the Company's board of directors effective as of May 10th, 2017. Dr. Koh held many executive positions at Samsung Electronics Co., Ltd in South Korea. Prior to his most recent position as Advisor until December 2016, Dr. Koh served as Executive Vice President, Head of the Mechatronics R&D Center, from December 2011 to December 2013. The complimentary research report on LRCX can be downloaded at: http://stock-callers.com/registration/?symbol=LRCX Shares in North Reading, Massachusetts headquartered Teradyne Inc. closed at $33.86, down 5.37% from the last trading session. The stock recorded a trading volume of 2.60 million shares, which was above its three months average volume of 2.13 million shares. The Company's shares have gained 8.28% in the last one month, 17.24% over the previous three months, and 33.62% since the start of this year. The stock is trading 4.59% and 30.07% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Teradyne, which designs, develops, manufactures, sells, and supports automatic test equipment worldwide, have an RSI of 46.91. On May 09th, 2017, Teradyne announced a quarterly cash dividend of $0.07 per share, payable on June 23rd, 2017, to shareholders of record as of the close of business on June 01st, 2017. Visit us today and access our complete research report on TER at: http://stock-callers.com/registration/?symbol=TER Ewing, New Jersey headquartered Universal Display Corp.'s stock ended 5.30% lower at $110.85. A total volume of 1.02 million shares was traded, which was above their three months average volume of 851,260 shares. The Company's shares have advanced 36.01% in the last one month, 57.63% over the previous three months, and 96.96% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 23.50% and 64.35%, respectively. Furthermore, shares of Universal Display have an RSI of 67.68. On May 11th, 2017, Universal Display announced that its wholly owned subsidiary, Adesis Inc., purchased its New Castle, Delaware building to expand its custom organic synthesis, research and development, and specialty manufacturing capabilities. The New Castle, DE facility is a 47,500-square-foot building in the Southgate Industrial Center, of which Adesis had previously leased about 25,100 square feet. 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EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that it will showcase the Company’s latest advances at the Society for Information Display (SID) Display Week 2017 International Symposium, Seminar and Exhibition being held from May 21-26. At Booth #1141 in the Los Angeles Convention Center, the Company will exhibit its phosphorescent OLED (PHOLED) Hexagon Array and Color Board as well as highlight its proprietary Organic Vapor Jet Printing (OVJP) technology from May 23-25. The Hexagon Array and Color Board demonstrate a selection of UDC’s high-performing, energy-efficient commercial and developmental red, yellow, green, light blue and blue UniversalPHOLED phosphorescent material systems. “2017 celebrates the exciting past, present and future of OLEDs. With SID commemorating 30 years since the ‘1st OLED Paper’ was released and our 20-year anniversary of the discovery and development of novel phosphorescent OLED technology, this year also marks the broadening proliferation of bright, colorful, and thin OLED applications and the growing positive trajectory in the OLED display and lighting markets,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “Since inception, we have never wavered from our founding ethos of ‘vision, innovation and reality’ and those principles have paved our pioneering journey from an idea to an R&D start-up to a key enabler in the OLED ecosystem. To learn more about our OLED technologies and phosphorescent material solutions, please visit UDC’s booth where our best-in-class technical experts will be on hand to meet with SID attendees.” This year SID's Symposium will include a variety of technical and business events, including: 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 4,200 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., Innolux Corporation, Kaneka Corporation, Konica Minolta Technology Center, Inc., LG Display Co., Ltd., Lumiotec, Inc., OLEDWorks LLC, OSRAM, Pioneer Corporation, Samsung Display Co., Ltd., Sumitomo Chemical Company, Ltd., Tianma Micro-electronics and Tohoku Pioneer Corporation. To learn more about Universal Display Corporation, please visit http://www.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, 2016. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.


EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that members of its executive management team will present at the following investor conferences: Cowen and Company 45th Annual Technology, Media & Telecom Conference Date: Thursday, June 1, 2017 Time: 9:30am ET* Location: New York, NY Presenter: Steven V. Abramson, President and CEO Goldman Sachs Third Annual Innovation Symposium Date: Tuesday, June 27, 2017 Location: New York, NY Presenter: Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer *The June 1st presentation will be webcast live and archived on the events page of the Company's Investor Relations website at ir.oled.com. 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 4,200 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., Innolux Corporation, Kaneka Corporation, Konica Minolta Technology Center, Inc., LG Display Co., Ltd., Lumiotec, Inc., OLEDWorks LLC, OSRAM, Pioneer Corporation, Samsung Display Co., Ltd., Sumitomo Chemical Company, Ltd., Tianma Micro-electronics and Tohoku Pioneer Corporation. To learn more about Universal Display Corporation, please visit http://www.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, 2016. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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