JOLED Inc., a Japanese firm that makes OLED displays, announced this week that it has reached an agreement with TCL CSOT, a subsidiary of the well-known Chinese manufacturer TCL, to "start joint-development of large-sized OLEDs for TV application."
In the deal, JOLED "will raise JPY20 billion in capital through a third-party allocation of new shares underwritten by CSOT-JAPAN."
20 billion yen is the equivalent of about $187 million in U.S. dollars. JOLED, which six months ago announced the launch of what it called the world’s first mass-production line of printed OLEDs, has reportedly been strapped for cash.
JOLED is a pioneer in "printed OLED," a manufacturing process for OLED panels which, since 2017, has been used for medical monitor applications. According to Flat Panels HD, JOLED has also provided small-to-medium-sized smartphones and PC monitors.
"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," the announcement said. "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."
According to an OLED-Info post in early 2019, "inkjet OLED printing has the desirable ability to allow precision deposits without the use of a mask. It also produces less stray particles, thus boosting yields. These significant advantages make this technology interesting to many companies and virtually all OLED makers have active ink-jet printing development projects.”
The post also noted that “printing OLED displays is a relatively challenging task for many reasons,” including placing the correct number of drops of the active materials into the pixels.
Stephen Silver, a technology writer for The National Interest, is a journalist, essayist and film critic, who is also a contributor to Philly Voice, Philadelphia Weekly, the Jewish Telegraphic Agency, Living Life Fearless, Backstage magazine, Broad Street Review and Splice Today. The co-founder of the Philadelphia Film Critics Circle, Stephen lives in suburban Philadelphia with his wife and two sons. Follow him on Twitter at @StephenSilver.