Luxell Technologies has signed an agreement with Hong Kong's IMC Capital to launch a China-based production center based on Luxell's OLED technologies - with a third Chinese partner company (which hasn't been found yet). The investment in this project will be around $50 million. 

Luxell Research (a subsidiary of Luxell) has developed the 'Black Layer' - a thin film structure that virtually eliminates ambient reflections, thereby enhancing display readability, suitable for OLED displays.

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