Universal Display Corporation Announces New OVJP Leadership
04 Diciembre 2024 - 3:15PM
Business Wire
Universal Display Corporation (Nasdaq: OLED) (UDC), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, today announced that Chandran Nair has
been appointed Chief Executive Officer of our newly formed
subsidiary, which will be headquartered in Singapore and
responsible for UDC’s OVJP operations, effective December 2,
2024.
Mr. Nair brings extensive leadership experience of more than 26
years, together with his established operational expertise in
global technology and equipment companies across Asia, Europe and
the United States, to lead the next phase for OVJP (organic vapor
jet printing). Previously, Mr. Nair was President & Chief
Executive Officer at AEM Holdings, a Singaporean multinational
technology company. Prior to joining AEM, Mr. Nair was President of
the Robotics and Autonomous Systems Business Unit at ST Engineering
and before that, he was Managing Director and Vice President of
Sales & Marketing for Asia Pacific (APAC) at National
Instruments (NI). During his tenure at NI, Mr. Nair was responsible
for the successful expansion of its business throughout the APAC
region to customers in a variety of major industries. Mr. Nair
holds Master’s degrees in Mathematics from Arizona State University
and Bangalore University, and a Bachelor of Science in Physics,
Chemistry, Mathematics from Christ College, Bangalore
University.
“We are delighted to appoint Chandran as CEO of our OVJP
operations. When we established OVJP Corporation as a start-up
subsidiary just four years ago, we continued our vision to innovate
a novel, mask-less, solvent-less, OLED printing manufacturing
platform for large-area patterned displays. The advancements in our
research in recent years have been significant,” said Steven V.
Abramson, President and CEO of Universal Display Corporation. “At
the same time, we believe that the timeline for new capital
equipment investments for large-area displays has been extended as
the industry is currently pursuing investments to meet the growing
demand for IT capacity. While we continue to focus on the long-term
opportunity in the large-area display market, we plan to also
assess additional market opportunities where this technology may be
transformative.”
In connection with these changes, the Company will be closing
its location in Santa Clara, California, and its OVJP operations
will be centered in our new Singaporean subsidiary, Universal Vapor
Jet Corporation Pte. Ltd. (UVJC), and UDC’s Tech and Innovation
Center in New Jersey.
About Universal Display
Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the
research, development and commercialization of organic light
emitting diode (OLED) technologies and materials for use in display
and solid-state lighting applications. Founded in 1994 and with
subsidiaries and offices around the world, the Company currently
owns, exclusively licenses or has the sole right to sublicense more
than 6,000 patents issued and pending worldwide. Universal Display
licenses its proprietary technologies, including its breakthrough
high-efficiency UniversalPHOLED® phosphorescent OLED technology
that can enable the development of energy-efficient 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. 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 the projected adoption, development and
advancement of the Company’s technologies, and 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, 2023. Universal Display Corporation
disclaims any obligation to update any forward-looking statement
contained in this document.
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Universal Display: Darice Liu investor@oled.com
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