JOLED Concludes Capital and Business Alliance with TCL CSOT, Implements JPY20 Billion Capital Increase and Starts Joint-Development of Large-sized Printed OLED for TV
JOLED Inc. (headquartered in Chiyoda-ku, Tokyo; Representative Director and President: Tadashi Ishibashi), which develops, manufactures, and sells OLED displays, announces the conclusion of a capital and business alliance with TCL CSOT (TCL China Star Optoelectronics Technology Co., Ltd., headquartered in Shenzhen, China; Chairman: Li Dongsheng), a display manufacturing subsidiary of Chinese high tech company TCL Tech. Under the alliance, JOLED will raise JPY20 billion in capital through a third-party allocation of new shares underwritten by CSOT-JAPAN (located in Chuo-ku, Tokyo; Representative Director: Li Ju). Also, JOLED will bring its proprietary printed OLED manufacturing technology and will start joint-development of large-sized OLEDs for TV application together with TCL CSOT.
Since its inception in 2015, JOLED has been carrying out R&D of printed OLED – a manufacturing method that enables efficient production of OLEDs – and started shipping medium-sized OLEDs for medical monitor applications in 2017. While mass-producing medium-sized displays, JOLED will prove the adaptability and effectiveness of printing technology to large-sized displays through the joint-development with TCL CSOT.
By leveraging our proprietary RGB printed OLED technology, JOLED will continue to take on challenges with the aim of establishing a unique positioning within the OLED industry and fulfilling its mission of realizing a world full of excitement and emotions through its cutting-edge devices.
About TCL China Star Optoelectronics Technology Co., Ltd.
TCL CSOT is one of the most innovative companies in semiconductor display technologies and materials, by investing nearly USD 30 billion in display manufacturing ranging from Gen 6 to Gen 11 fabs in China and India, across LCD, LTPS, OLED and other technologies, that makes TCL CSOT a major powerhouse in the display world. As one of the top 2 panel manufacturers globally of both TV and mobile phones, TCL CSOT has devoted even further with innovative technologies and process know-hows, in particular to deliver and commercialize the promise of an enhanced, unique and supreme display experience such as Ink-Jet Printing, Mini-/Micro-LED, Quantum Dot, EL-QLED, Flexible and Rollable displays.
About JOLED Inc.
JOLED Inc. conducts research, development, manufacturing, and sales activities for OLED displays, their parts, materials, manufacturing equipment, and associated products. JOLED is the only company in the world that commercially produces 4K OLED displays by printing method (JOLED’s search as of May 2020). JOLED is planning to start mass production at the Nomi production line in 2020. JOLED will produce medium-sized printed OLED displays for use in areas such as high-end monitors and automotive displays. At the same time, JOLED will strongly foster its R&D for flexible and foldable OLED for practical use.
About printed OLED displays
OLED is a self-illuminating device that delivers superb picture quality with high contrast, high color reproducibility, and fast response rate. It also combines advantages such as an ultra-thin profile, light weight, and flexibility. Owing to these characteristics, OLED is gaining attention as a next-generation display that will create new applications in a wide range of fields.
The printing method, which is one of the production methods for OLED display, applies and forms OLED materials by printing. With its simple production processes and the flexibility to cope with diverse screen sizes, the technology is expected to represent a major innovation in OLED display production.