RitDisplay expects growth ahead in the PMOLED market

RitDisplay's president and CEO, D.C. Wang, sees growth ahead in the PMOLED market. RitDisplay expects revenues to grow more than 20% in the second half of 2016, up from almost $32 in the first half.

In order to meet the expected demand (mostly from wearable devices, it seems), RiTDisplays aims to grow its capacity by 20 to 40 percent in 2017. Earlier reports suggested that the capacity increase will come from more efficient production ("deleting bottlenecks") - not from new equipment.

Wang also says that the company is investing in flexible PMOLED technologies - used in lighting products - and will introduce the first product in 2017 and go into mass production by 2018. I don't think it's likely that RitDisplay actually means OLED lighting, this is probably a mistake. In any case, towards the end of 2015 RiTDisplay indeed unveiled a prototype flexible OLED.

Posted: Aug 17,2016 by Ron Mertens