JOLED Inc., which develops, manufactures, and sells OLED displays, announces the conclusion of a capital and business alliance with TCL CSOT, 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.
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.