Universal Display (OLED) Announces New OVJP Leadership

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.

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