FlexEnable, a leader in the development and industrialization of flexible organic electronics, has raised $ 11 million in funding for the B. Coretronic series, a major Taiwanese manufacturer of LCD backlight modules, has made strategic investments along with significant European family offices. The initial investment of $ 11 million includes an additional $ 14 million and is expected to fund FlexEnable before scaling up mass production of flexible displays and liquid crystal optical modules from Asian display partners. The funds will also be used to expand the company’s capacity to produce organic materials to meet the growing needs of display partners entering mass production.
The award-winning FlexEnable organic electronics platform includes a full range of FlexiOM вытвор production processes and organic semiconductor materials, which together open the production of flexible organic non-glass LCDs (OLCDs) and liquid crystal optical films (LC Optics). This breakthrough allows virtually any surface to display information or control, modulate and focus light. Ultrathin, lightweight, flexible and even compatible with 3D, OLCD and LC Optics have an address market of $ 100 billion, which includes laptops and tablets, smart home devices, AR / VR headsets, cars, monitors and TVs. For more information, see the IDTechEx report on flexible printed OLED displays 2020-2030: forecasts, markets, technologies.
Chuck Milligan, CEO of FlexEnable, said: “Having a Coretronic heavyweight investor and industry partner is a further testament to the FlexEnable business model and our technological leadership in materials and processes that enable the mass production of unique flexible optical modules and displays. As a major player in the LCD supply chain, the in-depth experience in the Coretronic industry will be very useful to us as we now move from setting up production to mass production. We are very pleased to have strong new investors and are very grateful for the continued support from Rusnano and Novares, who in recent years have assisted us in the development of our technologies and excellent commercial projects. ”
The FlexEnable business model uses existing and underutilized manufacturing facilities to produce flexible displays and LC optics using FlexiOMTM organic semiconductor materials and IP manufacturing processes through technology transfer, licensing and contract manufacturing with Asian flat-panel production lines. The company already has four active technology transfer programs with several leading display manufacturers in Asia, and the first volume of production will begin in the second half of 2022.
“Our consumer electronics partners and customers continue to demand enhanced functionality in their products combined with improved form factors. FlexEnable technology can incorporate new features into lighter, thinner and even curved devices, and we look forward to working with the FlexEnable team. to bring these new products into series production, ”commented Sarah Lynn, president of Coretronic.
“The next 12 months are very interesting: the first of a series of manufacturing partnerships to enter mass production, bringing recurring revenue and rapid revenue growth. In addition to manufacturing partnerships, we have significant commercial programs with several of the world’s largest OEMs / consumer brands. electronics, where our technology is needed to bring game-changing functionality to the surface of future products. ” Added Milligan.
With about 700 patents and over 1,000 years of engineering in organic materials development and manufacturing processes, FlexEnable is a world leader in organic electronics. We have developed and industrialized a complete process of low-temperature production of small and large area organic electronics on ultra-thin plastic substrates. FlexEnable also has best-in-class organic materials with the highest performance – FlexiOM ™, making us the only company to offer both organic materials and industry-proven manufacturing processes. FlexEnable is launching organic electronics technology in a fantastic business model. Our processes and solutions have been designed for use on existing flat display lines, using existing assets and supply chains. FlexEnable technology applies flexible displays and flexible active optical films to consumer electronics, AR / VR and automotive applications. FlexEnable supplies FlexiOM materials, transfers and licenses its unique technology platform to display manufacturers. We also work directly with OEM and Tier 1 to develop next-generation products, from design to prototyping and product qualification all the way to mass production. For more information, visit www.flexenable.com or contact firstname.lastname@example.org.
Source and top image: Flexenable