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Universal Display Corporation Announces Recipient of Inaugural Sherwin I. Seligsohn Innovation Award in Organic Electronics

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EWING, N.J.--(BUSINESS WIRE)-- Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced the recipient of the inaugural Sherwin I. Seligsohn Innovation Award. The 2025 award, which celebrates groundbreaking advancements in organic electronics, has been presented to Dr. Paschalis Gkoupidenis of North Carolina State University and the Max Planck Institute for Polymer Research for his research in Organic Neuromorphic Electronics to Empower New Forms of Physical Intelligence.

“We established the Sherwin I. Seligsohn Innovation Award to honor our late founder’s visionary leadership, exceptional intellect and boundless curiosity,” said Steven V. Abramson, President and CEO of Universal Display Corporation. “Dr. Gkoupidenis’ remarkable work—using organic materials to emulate the human brain’s ability to sense, learn and adapt—exemplifies the kind of forward-thinking innovation that would have captivated Sherwin’s imagination. As a trailblazer in the OLED industry, we appreciate the bold dedication it takes to push scientific boundaries, and we commend all applicants for their inspiring contributions to the field.”

The research submitted by Dr. Gkoupidenis explores how devices and circuits made from soft, flexible organic materials can mimic the way our brains process information, helping machines learn from experience and respond to their environment. His work is helping shape the future of “physical intelligence,” where technology becomes more intuitive and responsive, with diverse forms of intelligence that are seamlessly integrated into everyday life.

“Receiving the Sherwin I. Seligsohn Innovation Award is a profound honor,” said Dr. Paschalis Gkoupidenis. “Innovation in organic electronics is not just about advancing technology—it’s about reimagining how we interact with the world around us. My research seeks to bridge the gap between technology and biology, creating organic electronics that integrate sensing, memory, and computation, resembling the efficiency and diversity of the brain. I’m grateful to UDC for supporting pioneering research and for celebrating the spirit of innovation that their founder, Sherwin Seligsohn, championed.”

This marks the inaugural year of the Sherwin I. Seligsohn Innovation Award, established to honor UDC’s late founder and his visionary legacy. The award program, sponsored by UDC, Inc., aims to support and celebrate innovation within the global scientific community and recognize groundbreaking advancements in organic electronics.

The 2025 award includes $75,000 USD in award funds and an invitation to present at UDC’s headquarters in Ewing, New Jersey. This year’s competition attracted submissions from researchers across seven countries, showcasing a diverse range of innovations in the field.

Details about the 2026 Sherwin I. Seligsohn Innovation Award will be announced in the coming months. To receive updates or learn more, visit seligsohnaward.com.

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 6,500 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, 2024. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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Source: Universal Display Corporation

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