Universal Display Corporation Announces the Appointment of New Board Members
March 07 2024 - 4:05PM
Business Wire
Universal Display Corporation (Nasdaq: OLED) (UDC), enabling
energy-efficient displays and lighting with its UniversalPHOLED®
technology and materials, today announced that Dr. Nigel Brown and
Dr. Joan Lau have joined the Company’s Board of Directors,
effective March 4, 2024. The addition of these new directors
expands UDC’s Board to ten members.
“I am pleased to welcome Nigel and Joan to the Board,” said
Steven V. Abramson, President and Chief Executive Officer of
Universal Display Corporation and a member of the Board. “Nigel
adds a wealth of business innovation, technical knowledge and
corporate strategic planning expertise to our Board. Joan brings
over two decades of extensive scientific and business acumen as
well as invaluable leadership experience to UDC. We believe that
their deep research and development backgrounds and experience with
growth companies will enhance the capabilities of our Board as we
explore and execute on opportunities in the global OLED industry
and beyond.”
About Dr. Nigel Brown: Nigel Brown has more than 25 years of
experience in leadership and strategy in the pharmaceutical,
biotechnology and contract research industries. Dr. Brown is the
Founder and Chief Executive Officer of Princeton Healthcare
Advisory, LLC, an advisory firm specializing in support for
growth-focused investors in healthcare and life science sectors.
Dr. Brown is an Advisor for Rothschild & Co., Five Arrows
Managers LLP and previously served as General Partner for Trevi
Health Capital, a healthcare-focused specialty investment firm, and
held oversight and advisory roles for numerous organizations. Dr.
Brown has extensive experience in acquisitions and strategic
partnerships in the biomedical and technology sectors and is a
skilled partner in facilitating investments and corporate
transactions. Dr. Brown received his BA in Chemistry and PhD in
Physiological Sciences from the University of Oxford and his MBA
from The Open University. Dr. Brown also serves on the board for
Inotiv, Inc. (NASDAQ: NOTV).
About Dr. Joan Lau: Joan Lau has more than 20 years of
experience in executive leadership and business development for
biopharmaceutical, biotechnology and R&D-focused companies. Dr.
Lau is the Co-Founder and Chief Executive Officer of Spirovant
(previously called Talee Bio), a gene therapy company developing
treatments and cures for respiratory diseases including cystic
fibrosis. Dr. Lau is also an Adjunct Professor and Trustee at the
University of Pennsylvania. Previously, Dr. Lau co-founded and
served as Managing Partner at Militia Hill Ventures, which focuses
on building and growing high-quality life science companies. Dr.
Lau has also served as CEO for several venture-capital-backed
biotech companies. Dr. Lau earned her MBA from the Wharton School
of Business at the University of Pennsylvania, her PhD in
Neuroscience from the University of Cincinnati College of Medicine,
and her BS in Bioengineering from the University of Pennsylvania.
Dr. Lau also serves on the boards for Brandywine Realty Trust
(NYSE: BDN) and Rockwell Medical, Inc. (NASDAQ: RMTI).
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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