Universal Display Ranks #20 on Deloitte's 2011 Greater Philadelphia Fast 50

Oct 20, 2011 Universal Display Corporation, enabling energy-efficient OLED displays and lighting with its UniversalPHOLED(R) technology and materials, has announced it ranked number 20 on Deloitte's 2011 Greater Philadelphia Fast 50 ranking of the 50 fastest growing technology, media, telecommunications, life sciences and clean technology companies in the Greater Philadelphia region. The company  has also ranked number 462 on Deloitte's Technology Fast 500(TM) ranking of the 500 fastest growing companies of these same industries throughout North America. Universal Display's revenues grew 156 percent over the period from 2006 to 2010.

Overall, 2011 Greater Philadelphia Fast 50 companies achieved revenue growth ranging from 21 percent to 6,918 percent from 2006 to 2010, with an average growth of 410 percent. The 2011 Technology Fast 500(TM) companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.

About Deloitte's 2011 Greater Philadelphia Fast 50

The 2011 Greater Philadelphia Fast 50, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private - in the Greater Philadelphia region. 2011 Greater Philadelphia Fast 50 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for 2011 Greater Philadelphia Fast 50 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of five years, and be headquartered within the Greater Philadelphia region.

About Deloitte's 2011 Technology Fast 500(TM)

Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

Source: http://www.marketwatch.com/story/universal-display-ranks-as-one-of-deloittes-2011-technology-fast-500tm-and-greater-philadelphia-fast-50-2011-10-19

Author:  Alice Jones

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