Advantech announced today that they have completed their $14 million financing round (from the Pan family and Shanghai Ventures - announced back in July 2009). The investment will be used to build an inline TFT production line using Advantec’s patented shadow mask deposition process. Advantech says that their technology can be used to produce an OLED TV for a similar or lower cost than an LCD TV!
Advantech plans to start selling and licensing its active-matrix TFT backplanes and production lines to TV and e-paper manufacturers worldwide as early as 2011. The lines are used to produce OLED or e-paper backplanes, at "exceptionally low cost". The production line is also less wasteful (and so more environmentally friendly). They say that it'll reduce factory investment requirements of manufacturers by up to 90%.