CLEARink Displays, the leader in next generation reflective displays, announced a change in the ownership structure of the company with a group of strategic investors including major customers taking a controlling stake in the company. The change will see CLEARink shift its focus to Asia and enable faster product development through tighter integration with supply chain partners.
CLEARink Displays, founded in 2012 in Vancouver BC in 2012, has amazed display experts and customers with its high brightness, video and color capable displays, and went on to win the 2017 Best in Show Award and the 2019 People’s Choice Award at the annual SID Display Week conferences. Following these awards CLEARink signed over $300M in conditional orders and started trial manufacturing in China in 2018.
George He, Head of Lenovo Capital and SVP at Lenovo:
We have been investors in CLEARink since 2018 and see this technology as something the education, e-reader, tablet and laptop industries have been waiting for. Providing a healthy reading display has become even more important after COVID-19, as millions of kids worldwide are now spending 5 times more time staring at displays, something which is not healthy for the young and developing eye.
Guoping Fu, serial entrepreneur and founder of Jinfu, a Shenzhen
listed company:
We have been investors in CLEARink since 2015 and see this technology as essential to address the challenges of the educa- tion system in China. China’s education market needs to migrate away from LCD to reflective displays, which means that China will need 80 million reflective displays per year. Only CLEARink has a solution.
Karen Chen, CEO CLEARink Displays:
CLEARink is scaling up manu- facturing for its first product for a leading e-reader customer. We are ex- cited to move the company to China, and are looking to build a true cen- ter of excellence in reflective displays.
Frank Christiaens, Founder CLEARink Displays:
CLEARink has made great progress since we started working with our various Chinese partners. Moving our engineering to China will allow us to develop and release products faster. The management team in China will now take the technology to mass production.
About Lenovo
Lenovo is a world-leading smart device and IT solutions supplier. With its motto of “Different is Better”, it provides smart devices that integrate ap- plications, services and the best user experience, as well as robust cloud infrastructure. Being the world-leader of smart device manufacturing, Lenovo supplies hundreds of millions of smart terminal devices to cus- tomers all over the globe, including PC, tablet, smart phones and smart televisions. As a top-tier supplier of business digitalization and smart so- lutions, Lenovo is actively promoting its development of “Device + Cloud” and “Infrastructure + Cloud”. Currently, Lenovo has approximately 52,000 employees in 160 countries and regions.
About CLEARink Displays
CLEARink is a leader in reflective display technologies for Tablets, Lap- tops, Wearables, IoT displays, Electronic Shelf Labels (ESLs), outdoor signage and automotive applications. CLEARink’s patent protected TIR technology is a superior alternative to existing reflective displays, provid- ing unparalleled video and color representation, using a fraction of the energy consumed by LCD, with a highly competitive cost structure. The company is headquartered in HK and Shenzhen, China.
