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DateTime Masking

Hi all,

Whats the best way to go about formatting a datetime value within a lightning component? Im just using ui:outputDateTime at the moment, but would like to apply a specific format. Is there something similar to VF's apex:outputText tag, similar to below?
<apex:outputText value="{0, date, MMMM d','  yyyy}">
    <apex:param value="{!contact.Birthdate}" /> 

Thanks ahead of time. All suggestions are appreciated.