Universal Display Corporation is a leader in developing and commercializing organic light-emitting diode (OLED) technologies and materials for display and lighting applications. The company generates revenue through two primary business segments: manufacturing and selling proprietary OLED materials—particularly phosphorescent emitter materials—to display and lighting manufacturers, and licensing its extensive portfolio of OLED-related patents and proprietary know-how to device makers who pay fixed license fees and running royalties based on product sales. With long-standing relationships with major display manufacturers and a portfolio of over 7,000 patents, Universal Display concentrates on technology development while providing manufacturing support and contract research services, positioning the company to benefit from growing OLED adoption across mobile devices, televisions, wearables, automotive applications, and specialty lighting markets.