Sunic System and Novaled in Joint Development on Thin Film Encapsualation


10/22/2007

Dresden, Germany. and Suwon, Korea, October 22nd, 2007 - Sunic System, a major producer of vacuum deposition equipment for OLED and Novaled, a leading provider of doping technology and materials for organic electronics announce a joint development. Both partners will work together to build up the next generation of Thin Film Encapsulation (TFE) tools, technologies and materials.

Novaled and Sunic System will develop a new generation of deposition tools and organic materials to improve the deposition process and lifetime of TFE. In this collaboration Novaled will call on its experience in organic structures and skills in organic materials. Sunic System will provide its expert knowledge on both organic and inorganic deposition and encapsulation equipment.

"A new organic material for TFE needs to be developed together with the associated deposition tool", states Gildas Sorin, CEO of Novaled. "The cooperation with Sunic System will bring to market a turn-key solution enabling customers to rapidly ramp-up to high volumes at reasonable costs."

"This cooperation enables Sunic System to become a major player for organic TFE and organic flexible devices in the equipment industry. We are delighted to work with a skilled partner like Novaled", says Hoon Lim, Managing Executive Director of Sunic System.

About TFE

Thin film encapsulation is a promising technology to hermetically encapsulate organic devices like OLEDs and replace the current glass plates by very thin organic and inorganic multilayers. TFE will allow for flexible and rollable organic products with a thickness in the micrometer range.

About OLEDs

OLEDs are semiconductors made from thin layers of organic material only a few nanometers thick, which emit light. In a fast growing market OLEDs are key parts of a revolution: the dream of paper-thin, flexible, highly efficient displays with brilliant colors and high contrast is becoming reality. OLEDs represent the future of ultra flat panel displays as well as a vast array of new lighting applications.

About Novaled

Novaled AG is engaged in the research, development and commercialization of organic light-emitting diode (OLED) technologies and proprietary materials. The Company is a spin-off of the Dresden University and the Fraunhofer-Gesellschaft. Main investors are Crdit Agricole Private Equity, TechnoStart, TechFund Capital Europe and CDC Entreprises Innovation.

Founded in 2001, Novaled experienced a rapid growth maturing into a world-class company. Novaled commercializes its Novaled PIN OLED(TM) technology along with its proprietary OLED materials to display makers and lighting companies. The company has a strong IP position in OLED technology based on more than 300 patents granted or pending. www.novaled.com

About Sunic System:

Since its founding in 1990, Sunic System has been concentrated on developing and manufacturing machineries particularly in the field of OLED. Equity participation of KRW 8.5 billion from Mirae Asset Group Consortium in 2005 has greatly enhanced its financial stability.

So far, Sunic's OLED equipments have been widely used by major display panel manufacturers including Samsung SDI, Samsung Electronics, and Neo View Kolon ; Material developers such as LG Chemicals and Merck KGaA; various universities and R&D centers such as IPMS. Overseas customers include IPMS, Thomson, OSRAM, and Merck KGaA in Europe, OptoTech in Taiwan, SVA, UESTC, and HongKong Univ. in China and HongKong.

Sunic's management policy is to maintain its leading role in the OLED equipment industry by strengthening its R&D, especially equipments for large area production. Also noteworthy is Sunic's set-up of service center in Europe slated for October 2007 will further activate its operation in the region. www.sunic.co.kr

For further information, please contact:
Novaled AG
Tel. +49 351 796 5819
Email: anke.lemke@novaled.com

Sunic System, Ltd.
Tel : +82 31 219 1102
hsyang@sunic.co.kr

All Topics