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JOLED Inc. which develops, manufactures, and sells organic light-emitting diode (OLED) displays, has raised a total of JPY47 billion ($420 million) in capital through the allocation of new shares to DENSO Corporation, Toyota Tsusho Corporation Sumitomo Chemical Company, Limited., and Screen Finetech Solutions Co., Ltd. The capital is to be used to start mass production of OLED displays using its printing method.
"JOLED plans to start mass production of OLED displays at JOLED’s Nomi Site in Nomi, Ishikawa Prefecture, in 2020 in cooperation with Japan Display Inc. Aiming to commence mass production swiftly at the best timing in the rapidly changing display industry, JOLED will use the funds raised through this capital increase to develop the world’s first printed OLED display mass-production line. It also plans to raise funds at appropriate times as needed in the future"the company said in a statement.
With the addition of four new shareholders through this third-party allocation of new shares, JOLED says it will accelerate commercialization of printed OLED displays by further enhancing cooperation with shareholders in areas such as joint R&D, business tie-ups, and development of sales channels, under a new governance structure. Specifically, it will cooperate with DENSO, which develops and produces auto parts, in R&D and business development of onboard displays.
From Toyota Tsusho, a general trading company with a broad-ranging global network across various industrial fields, it expects to receive strong support in sale of a wide range of display products. It also will further enhance its structure for cooperation with Sumitomo Chemical, a comprehensive chemicals producer with which it already has formed cooperative ties in development and supply of OLED materials.
It will cooperate with Screen Finetech Solutions, which delivers display manufacturing equipment and related services, in development, manufacture, sales, and services of printing equipment. In a seperate announcement JOLED stated it concluded a business cooperation agreement related to sales and servicing of production equipment for large sized printed OLED displays for TV use with both Screen Finetech Solutions, and Panasonic Production Engineering Co., Ltd.
The three companies will jointly develop businesses in development, manufacture, sales, and service of printing equipment for customers. The three companies will strive to commercialize the business swiftly to promote broad use of the printing method, which enables efficient production, and to facilitate their own growth and business expansion by capturing growing demand in the continually expanding OLED TV market.
The technology for coating and forming of OLED materials through printing simplifies the production process compared to the conventional chemical
vapor-deposition method, JOLED expects it to offer considerable benefits in areas such as efficiency of material use and capital investment, especially for the production of large sized displays.
The Manufacturing Technology and Engineering Division and OLED Display Development Division of Panasonic Corporation began working together to develop printed OLED displays in around 2006, and since its founding in 2015 JOLED and Panasonic Production Engineering have continued joint development of printing equipment while JOLED has established mass-production technologies, including related processes. At present, the 21.6-inch 4K OLED displays manufactured on the pilot line are shipped for use in applications such as medical monitors and high-end monitors.
"JOLED plans to start mass production of OLED displays at JOLED’s Nomi Site in Nomi, Ishikawa Prefecture, in 2020 in cooperation with Japan Display Inc. Aiming to commence mass production swiftly at the best timing in the rapidly changing display industry, JOLED will use the funds raised through this capital increase to develop the world’s first printed OLED display mass-production line. It also plans to raise funds at appropriate times as needed in the future"the company said in a statement.
With the addition of four new shareholders through this third-party allocation of new shares, JOLED says it will accelerate commercialization of printed OLED displays by further enhancing cooperation with shareholders in areas such as joint R&D, business tie-ups, and development of sales channels, under a new governance structure. Specifically, it will cooperate with DENSO, which develops and produces auto parts, in R&D and business development of onboard displays.
From Toyota Tsusho, a general trading company with a broad-ranging global network across various industrial fields, it expects to receive strong support in sale of a wide range of display products. It also will further enhance its structure for cooperation with Sumitomo Chemical, a comprehensive chemicals producer with which it already has formed cooperative ties in development and supply of OLED materials.
It will cooperate with Screen Finetech Solutions, which delivers display manufacturing equipment and related services, in development, manufacture, sales, and services of printing equipment. In a seperate announcement JOLED stated it concluded a business cooperation agreement related to sales and servicing of production equipment for large sized printed OLED displays for TV use with both Screen Finetech Solutions, and Panasonic Production Engineering Co., Ltd.
The three companies will jointly develop businesses in development, manufacture, sales, and service of printing equipment for customers. The three companies will strive to commercialize the business swiftly to promote broad use of the printing method, which enables efficient production, and to facilitate their own growth and business expansion by capturing growing demand in the continually expanding OLED TV market.
The technology for coating and forming of OLED materials through printing simplifies the production process compared to the conventional chemical
vapor-deposition method, JOLED expects it to offer considerable benefits in areas such as efficiency of material use and capital investment, especially for the production of large sized displays.
The Manufacturing Technology and Engineering Division and OLED Display Development Division of Panasonic Corporation began working together to develop printed OLED displays in around 2006, and since its founding in 2015 JOLED and Panasonic Production Engineering have continued joint development of printing equipment while JOLED has established mass-production technologies, including related processes. At present, the 21.6-inch 4K OLED displays manufactured on the pilot line are shipped for use in applications such as medical monitors and high-end monitors.