EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced the donation of $25,000 to the Smith Family Foundation (SFFNJ), a private grant-making institution assisting with education, neighborhood development, youth services, and other community programs in Trenton, NJ.
“The partnership with Universal Display Corporation (UDC) is a wonderful example of how the for-profit and nonprofit communities can work together to create the change we all want to see in our great city,” said Katherine Nunnally, Executive Director and Chief Executive Officer of the Smith Family Foundation. “Through our relationship, the Trenton nonprofit sector will be allocated resources and educational opportunities to assist them as they continue working to make our community a safe, healthy, and prosperous urban hub.”
“We are committed to fostering our local communities and are pleased to be supporting the Smith Family Foundation with this donation of $25,000,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Our relationship with the Smith Family Foundation began with Steve Smith, a former UDC colleague and current SFFNJ Board Member, and we are delighted to continue working together on a mission to enrich the Trenton community through educational initiatives.”
About Smith Family Foundation
The Smith Family Foundation is a private grant-making Institution, founded in Trenton, NJ in 2016. Their Mission is to empower its community, cultivate leaders and transform lives by providing funding and leadership development to Trenton-based organizations.
In May of 2016, the Smith family — Pearlie Smith & her seven children — received a substantial financial blessing. Blessed with a new opportunity, the family made it their collective mission to improve the quality of life for residents in their hometown – thus the Smith Family Foundation was born. While the foundation allows the Smiths to support their community in ways previously unimagined, the family is no stranger to philanthropy. The seeds for the foundation were planted decades ago in the South Side of Trenton, where Seamon and Pearlie Smith raised their children on values of hard work, love of God, and giving back.
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, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 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 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. 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 impact of the COVID-19 pandemic on the Company and otherwise, 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, 2019 and its subsequent Quarterly Reports on Form 10-Q. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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Katherine N. Nunnally, MPA