ECOSENSE™ LIGHTING SECURES $13 MILLION IN SERIES B GROWTH FUNDING

Series B Investment Round Led by Bain Capital Ventures

NEW YORK – October 18, 2011 – EcoSense Lighting, provider of a new generation of economical, environmentally responsible lighting solutions, today announced the close of a $13 million Series B financing round led by Bain Capital Ventures. Founded by a team of long-serving industry experts with proven know-how in the development and best practices of solid-state illumination, EcoSense Lighting provides best-in-class LED lighting solutions for use in commercial, industrial and residential applications. The company offers a comprehensive line of LED fixtures that meet the technical requirements of the most demanding projects while delivering substantial benefits over traditional lighting sources.

Over the last year, EcoSense has achieved several key growth milestones, including:

• Expanding its presence in international markets through distribution partners and supply chain hires
• Strengthening its Board of Directors with the addition of Color Kinetics co-founder and Intellectual Property Owners Education Foundation 2008 Inventor of the Year Dr. Ihor Lys as Technical Advisor
• Launching several new products designed to extend the company’s reach in the rapidly expanding specifier-grade white light LED illumination market.

This latest round of financing will support the company’s continued product development initiatives and fuel the growth of the EcoSense engineering and sales teams to satisfy market demand for the technology.

According to EcoSense Lighting Founder and Chairman George Mueller, Bain Capital Ventures’ excellent track record of identifying and supporting emerging technology leaders makes the firm an ideal partner for the company. “Their investment in EcoSense is a testament to the strength of our management team, technology portfolio and business direction,” says Mueller. “We're thrilled to be working with Bain Capital Ventures as we move into our next phase of growth and product development.”

“With its exponential energy and cost savings, breadth of applications and earth-friendly, sustainable components, we see incredible potential in the LED illumination market,” says Jeffrey Glass, Managing Director, Bain Capital Ventures. “EcoSense has the right team, the right strategy and a level of traction in the professional lighting market needed to be a strong leader in this advancing industry.”

About EcoSense Lighting                      Established in 2009, EcoSense Lighting is privately held and has offices in Hong Kong and New York City. For additional information, visit www.ecosenselighting.com.

About Bain Capital Ventures             Bain Capital Ventures is the venture arm within Bain Capital, which has approximately $66 billion of assets under management worldwide. The firm’s history of investing in early stage companies dates back to 1984 with over 125 venture investments since inception including Gartner Group, Staples, DoubleClick, Taleo, ProfitLogic, mQube, vAuto, Shopping.com, and LinkedIn.

Bain Capital Ventures manages $1.5 billion of assets, has over 70 active portfolio companies, and has offices in Boston, New York, and Palo Alto. The firm has helped steer many ideas to success by working in partnership with management teams, pairing talented and passionate entrepreneurs with industry experts, opening doors to customers, and collaborating on sound long-term strategies. www.baincapitalventures.com

UNIVERSAL DISPLAY: CONTRACT FOR WHITE OLED LIGHTING

Ewing, New Jersey – October 11, 2011 – Universal Display Corporation (NASDAQ: PANL), enabling energy-efficient OLED displays and lighting with its UniversalPHOLED® technology and materials, today announced that the U.S. Department of Energy (DOE) has awarded the company a $999,963 Small Business Innovation Research (SBIR) Phase II grant. The goal of the program is to demonstrate further gains in the performance of large-area, phosphorescent organic light emitting device (PHOLED) lighting panels through enhanced thermal management techniques. This new program builds on the achievements demonstrated by Universal Display during the previous Phase I program.

Under this program, Universal Display will design and build large-area white OLED lighting panels using the company’s energy-efficient UniversalPHOLED technology and materials in conjunction with novel thermal management techniques. Lighting panels that use the company’s PHOLED technology and materials already generate far less heat than traditional OLEDs. Through the use of thermal management techniques, operating temperature can be further minimized to extend operating lifetime.

“We are very pleased to further our efforts in this area with the support of the U.S Department of Energy, and we firmly believe that our UniversalPHOLED technologies and materials are critical to enabling energy-efficient, high-performance white OLED lighting,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “Universal Display continues to build technology and design solutions that will provide lighting manufacturers with the right tools to develop high-value added OLED lighting products, as our technologies and materials have done for the display industry. We look forward to demonstrating the potential for efficient OLED lighting to meet U.S. DOE targets and accelerate the commercialization of OLED lighting.”

The U.S. Department of Energy has supported research and development of solid-state lighting, including OLED lighting, since 2003. According to the DOE, lighting accounts for approximately 24 percent of the total electricity generated in the United States today. It is estimated that by 2030 the development and widespread deployment of solid-state lighting could reduce national electricity use for lighting by one-third. Universal Display is the leading innovator and supplier of phosphorescent OLED technology and materials to the OLED display and lighting industries.

To see how Universal Display is changing the face of the display and lighting industries with its UniversalPHOLED, white OLED and flexible OLED technologies, please visit the company at www.universaldisplay.com .

About Universal Display Corporation

Universal Display Corporation (Nasdaq: PANL) is a leader in developing and delivering state-of-the-art, organic light emitting device (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 1,200 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology, that can enable the development of low power and eco-friendly displays and white 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.

Based in Ewing, New Jersey, Universal Display works and partners with a network of world-class organizations, including Princeton University, the University of Southern California, the University of Michigan, and PPG Industries, Inc. The company has also established relationships with companies such as AU Optronics Corporation, Chimei Innolux Corporation, DuPont Displays, Inc., Konica Minolta Technology Center, Inc., LG Display Co., Ltd., Moser Baer Technologies Inc., Samsung Mobile Display Co, Ltd., Seiko Epson Corporation, Sony Corporation, Showa Denko K.K., and Tohoku Pioneer Corporation.

Universal Display Corporation and the Universal Display logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.

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All statements in this document that are not historical, such as those relating to Universal Display Corporation’s technologies and potential applications of those technologies, are forward-looking 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, 2010 and quarterly report on Form 10-Q for the quarterly period ended March 31, 2011. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

Endo Lighting Acquires ICON International

NORTH KINGSTOWN, R.I., Oct 06, 2011 (BUSINESS WIRE) -- Endo Lighting Corporation, the leading designer, manufacturer and supplier of LED fixtures in Japan, has entered the U.S. market with the acquisition of ICON, International in North Kingstown, Rhode Island.

The two companies share a commitment to innovation and proven performance in designing and bringing to market ground breaking LED lighting.

"This is a very good match," said ICON President Michael Goeller. "Both Endo and ICON are customer focused. We share a dedication to creating light that enhances the ambiance of the surroundings while integrating technologies to maximize energy efficiency."

Endo, a publicly traded company with 1600 employees and factories in Japan, China and Thailand, has developed the world's widest range of LED products. Utilizing ICON's market knowledge and management team, Endo will bring its products to the U.S. market.

"With its 2600 products, Endo has an LED solution for every single conventional light," said Goeller. "This means ICON will now have the capacity to fit entire buildings with LED lighting systems, from schools, offices, retail and supermarkets - and to do it all beautifully, efficiently and economically."

About ICON International: ICON designs, manufactures, installs, and maintains architectural lighting systems for custom fixtures, educational facilities, healthcare, large facilities, mass transit, offices, retail and supermarkets. The company's tradition of quality, innovation and customer service coupled with an experienced and creative Research and Design team consistently set the standard for industry lighting solutions. The company was founded in 1947 and is located in Rhode Island. As of September 8, 2011, ICON International, Inc. operates as a subsidiary of Endo Lighting Corp.

About Endo Lighting Corporation: Endo was founded in Osaka, Japan in 1967 as a manufacturer of original lighting fixtures. Japan's first publicly listed company specializing in manufacturing lighting fixtures, Endo is currently the leading company in the architectural and commercial segment of the lighting market.

SOURCE: ICON International