Company Overview - UDC celebrated its 30th anniversary in 2024, growing into a global leader in the OLED ecosystem[8] - The company's revenue in CY 2024 was $648 million[22] - UDC holds over 6,500 issued and pending patents worldwide as of April 24, 2025[17, 41] Environmental Impact - UDC's technology in OLED smartphones saves an estimated 1,343 GW-h per year, equivalent to 902,295 metric tons of CO2 equivalent avoided annually[144] - In 2024, UDC offset 74% of its Company Scope 2 emissions through electricity offsets at its Ewing, NJ HQ and Adesis, Inc facilities[149] - UDC achieved a ~500,000 gallons reduction in water usage due to strengthened preventative maintenance program[166] - 74% of total hazardous waste was recovered/recycled in 2024[170] - 78% of the Company's total billed electricity was offset from Renewable Energy Credits (RECs) in 2024[173] Workforce and Community - UDC has a global team of 465 full-time employees from over 25 countries[27, 52] - Female employees make up 22% of the global workforce[19, 57] - UDC awarded a $20,000 scholarship to a college-bound student pursuing a STEM degree at Ewing High School in 2024[92] - UDC donated $25,000 to Paul Robeson Charter School's "Building Bright Futures Campaign" in 2024[93] - 100% of eligible employees received bonuses in 2024, consisting of cash and equity[66]
Universal Display (OLED) Earnings Call Presentation