UDC Korea Honored with Forbes 2026 Korea Trusted Innovation Award

EWING, N.J. & PANGYO, SOUTH KOREA--(BUSINESS WIRE)--Sep 30, 2026--

Universal Display Corporation (UDC) (Nasdaq: OLED), a global leader in energy-efficient OLED technologies and materials, today announced that UDC Korea received the Forbes 2026 Korea Trusted Innovation Award in the Technology Innovation category for phosphorescent OLED materials and technology. Organized by Forbes Korea and JoongAng Ilbo, the award recognizes organizations that demonstrate technological excellence, innovation leadership, and meaningful contributions to industry advancement through sustained research and development, long-term value creation, and market trust.

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For more than two decades, UDC has built a strong presence in Korea, established enduring partnerships with the world’s leading display panel manufacturers, and contributed to the advancement of the ecosystem through its pioneering OLED technologies and materials. The Company’s ongoing investments in research and development have helped accelerate OLED adoption across a broad range of applications, including smartwatches, smartphones, IT devices, TVs, automotive displays, AR/VR, gaming and other emerging technologies.

“We are pleased that UDC Korea has been recognized with the Forbes 2026 Korea Trusted Innovation Award,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “This recognition reflects the dedication, expertise and commitment to innovation that have defined our work in Korea for more than twenty years. Since the early days of OLED, Universal Display has been at the forefront of advancing energy-efficient phosphorescent materials and technologies that have helped shape the industry and enable many of the world’s most innovative and sustainable display products. We are proud of our longstanding presence in Korea and the strong relationships we have built across the OLED ecosystem, and we look forward to continuing to advance innovation for decades to come.”

The Forbes 2026 Korea Trusted Innovation Awards, organized by Forbes Korea and JoongAng Ilbo, recognize organizations that demonstrate leadership, innovation, sustainable growth, and meaningful contributions to industry competitiveness through continuous advancement, collaboration, and responsible management practices. The awards are based on a trust-focused evaluation framework that considers innovation, market leadership, and long-term value creation. UDC Korea was honored at the awards ceremony on September 29, 2026, in Seoul.

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 7,000 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, 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, 2025. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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UDC Korea’s Eun Sun Hong (left) and Seongwon Kim (right) accept the Forbes 2026 Korea Trusted Innovation Award.

KYIV, Ukraine (AP) — Russia pressed its missile and drone barrage of Kyiv and areas around the Ukrainian capital, killing four people, including a child, while mainly targeting the power grid, officials said Wednesday.

Moscow’s steep escalation of its aerial campaign since the end of August is putting pressure on Ukraine as it braces for winter, when Russia regularly bombards energy facilities to deny Ukrainians heat, power and running water.

The heavy overnight attack caused power outages and prompted questions about whether it marked the start of Russia's anticipated cold weather campaign, which Ukrainian officials describe as an attempt to “weaponize winter.”

“There has been virtually no day since summer when the enemy did not attack energy infrastructure,” Prime Minister Serhii Koretskyi said on Telegram. “But such a massive and combined attack happened for the first time since the end of the last heating season.”

Ukrainian Foreign Minister Andrii Sybiha noted the increase in Russian strikes has brought “days of almost uninterrupted air raid alerts across Ukraine.”

“Russia is intensifying its terror: jet-powered drones during the day, ballistic and cruise missiles at night, constant attacks against our cities and civilian life,” Sybiha said on X.

Ukrainian officials say Moscow is not engaging with U.S. efforts to halt the fighting, 4½ years after Russia invaded its neighbor. Moscow says it wants a comprehensive settlement rather than a temporary truce, but its demand for Ukraine to surrender land is unacceptable for Kyiv.

A boy was killed and three other people were rescued from the rubble of a private home in Vyshhorod, a city in the wider Kyiv region, said Tymur Tkachenko, head of the regional military administration.

The attacks also killed three people in the capital and wounded at least four others, according to authorities.

Russia fired 2,850 jet-propelled drones at Ukraine in August but by Tuesday it had already launched 3,177 this month, Ukrainian air force spokesman Yurii Ihnat said.

Russia has exploited gaps in Ukrainian air defenses by firing ballistic missiles and new jet-powered drones, both of which are hard to stop. Air raid alerts are disrupting daily life, sending people running for shelter and denting economic output.

The attacks come in waves, Ihnat told Ukrainian television late Tuesday, mostly aimed at Kyiv and the surrounding region. Ukraine needs more missiles for U.S.-made Patriot air defense systems to counter ballistic missiles and for other ground-based air defenses, he said.

The main Russian targets were energy infrastructure in Kyiv and the surrounding region, President Volodymyr Zelenskyy said on social media, describing it as “a difficult attack” as Moscow stretches Ukraine's air defenses.

Zelenskyy thanked foreign countries supporting Ukraine for recent deliveries of air defense help. “And the closer we get to winter, the more of this protection we need," he said. "We must do everything to ensure that Russia’s bet on ballistic missile and drone terror does not pay off.”

The Russian Defense Ministry said its overnight attack hit a hydroelectric and a thermal power plant, an electrical substation, an energy storage facility and a data center.

Ukrainian officials didn’t specifically confirm those strikes, as Kyiv wants to deny Moscow intelligence about the effectiveness of its attacks. Authorities reported hits on civilian areas of at least four Kyiv districts.

Hatton reported from Lisbon, Portugal.

Follow the AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

A boy looks at fragment of a rocket in front of a residential house destroyed in a Russian missile strike on Vyshhorod, Kyiv region, Ukraine, Wednesday, Sept. 30, 2026. (AP Photo/Evgeniy Maloletka)

Rescue workers put out a fire at a residential house destroyed in a Russian missile strike on Vyshhorod, Kyiv region, Ukraine, Wednesday, Sept. 30, 2026. (AP Photo/Evgeniy Maloletka)

In this photo provided by the Ukrainian Emergency Services on Wednesday, Sept. 30, 2026, rescuers put out a fire in a garage destroyed after a Russian drone strike on Kyiv region, Ukraine. (Ukrainian Emergency Service via AP)

In this photo provided by the Ukrainian Emergency Services on Wednesday, Sept. 30, 2026, rescuers put out a fire affecting garages destroyed after a Russian drone strike on Kyiv region, Ukraine. (Ukrainian Emergency Service via AP)

In this photo provided by the Ukrainian Emergency Services on Wednesday, Sept. 30, 2026, a rescuer walks on a site of a Russian drone strike on residential house in Kyiv region, Ukraine. (Ukrainian Emergency Service via AP)