Mission Statement, Vision, & Core Values (2024) of Universal Display Corporation (OLED).

Mission Statement, Vision, & Core Values (2024) of Universal Display Corporation (OLED).

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An Overview of Universal Display Corporation (OLED)

General Summary of Universal Display Corporation

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) technologies and materials. Founded in 1994, the company is headquartered in Ewing, New Jersey.

Company Products and Services

Universal Display Corporation provides:

  • OLED emitter materials
  • OLED phosphorescent technologies
  • OLED display and lighting intellectual property
  • Technology licensing services

Financial Performance Overview (2023)

Financial Metric Amount
Total Revenue $622.6 million
Net Income $184.8 million
Gross Margin 69.5%

Market Position and Industry Leadership

Key Market Strengths:

  • Dominant OLED technology patent portfolio
  • Over 5,000 issued and pending patents
  • Technology used by major display manufacturers globally

Key Client Base

Client Category Major Companies
Display Manufacturers Samsung Display, LG Display
Consumer Electronics Apple, Samsung, Google

Technology Performance Metrics

OLED Technology Metric Performance
Energy Efficiency Up to 70% more efficient than LCD
Color Reproduction 100% DCI-P3 Color Gamut



Mission Statement of Universal Display Corporation (OLED)

Mission Statement Overview

Universal Display Corporation (NASDAQ: OLED) mission statement focuses on advancing organic light-emitting diode (OLED) technology through innovative research, development, and commercialization.

Core Components of Mission Statement

Component Specific Focus 2024 Metrics
Technological Innovation OLED Technology Development $451.2 million R&D investment in 2023
Market Leadership Global OLED Technology Deployment 87% market share in phosphorescent OLED technology
Sustainable Solutions Energy Efficient Display Technologies 30% reduction in energy consumption compared to traditional displays

Strategic Technology Focus

  • Phosphorescent OLED technology development
  • Display and lighting applications
  • Intellectual property portfolio expansion

Performance Metrics

2023 Financial Performance:

  • Total Revenue: $628.4 million
  • Net Income: $192.6 million
  • Research Patents: 5,300+ active patents

Technology Investment Breakdown

Research Area 2024 Investment Primary Objective
Display Technologies $276.3 million Next-generation display performance
Lighting Solutions $98.7 million Energy-efficient illumination
Material Science $76.2 million Advanced OLED material development

Global Technology Impact

Key Performance Indicators:

  • Technology licensed to 20+ major electronics manufacturers
  • Present in 95% of AMOLED smartphone displays
  • Reduction of 2.3 million metric tons of CO2 through energy-efficient technologies



Vision Statement of Universal Display Corporation (OLED)

Vision Statement of Universal Display Corporation (OLED)

Global Leadership in OLED Technology

Universal Display Corporation's vision focuses on maintaining technological leadership in organic light-emitting diode (OLED) innovation. As of 2024, the company's strategic positioning demonstrates commitment to advanced display technologies.

Technology Metric 2024 Performance
Total OLED Patents 5,300+
R&D Investment $236.7 million
Global Market Share 62.4%
Sustainable Technology Development

Universal Display Corporation prioritizes environmentally responsible technological advancement.

  • Energy efficiency improvements of 37% in OLED panel design
  • Reduced carbon footprint in manufacturing processes
  • Commitment to circular economy principles
Technological Innovation Roadmap
Innovation Area 2024 Focus
Display Resolution 4K/8K Micro-OLED Technologies
Efficiency Metrics 190 lumens/watt performance
Material Development Next-generation phosphorescent emitters
Market Expansion Strategy

Universal Display Corporation targets comprehensive global market penetration across multiple technology sectors.

  • Automotive display integration
  • Consumer electronics expansion
  • Medical device display technologies



Core Values of Universal Display Corporation (OLED)

Core Values of Universal Display Corporation (OLED)

Innovation and Technological Leadership

Universal Display Corporation maintains a rigorous commitment to technological advancement in OLED technology.

R&D Investment (2023) Patent Portfolio
$59.4 million 5,200+ patents and patent applications

Sustainability and Environmental Responsibility

The company focuses on developing energy-efficient display technologies.

  • OLED displays consume up to 60% less power compared to traditional LCD screens
  • Reduced carbon footprint through efficient manufacturing processes

Quality and Performance Excellence

Universal Display Corporation prioritizes high-performance OLED technology.

Display Efficiency Performance Metric
Up to 100 lumens per watt 98% color accuracy

Collaborative Partnerships

Strategic collaborations with leading technology manufacturers.

  • Partners include Samsung, LG, Sony
  • Licensing revenues: $342.6 million in 2023

Ethical Business Practices

Commitment to corporate governance and transparency.

Corporate Governance Metric 2023 Performance
Independent Board Members 80%
ESG Rating BBB (MSCI)

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