eMagin announces its financial results for Q4 2019, has a new Tier-1 consumer AR customer

OLED microdisplay maker eMagin reported its financial results for Q4 2019. Revenues were $7.3 million (up 35% from Q4 2018), and the net loss was $0.2 million (down from $2.4 million in Q4 2018).

eMagin SXGA OLED-XL microdisplay photo

The company's booking in Q4 2019 were a record for eMagin, exceeding $15 million. The company received 80 orders and it has started a new consumer-related AR development project for a next-generation display for a Tier-1 customer.

planarTECH launches first Graphene Crowdfunding Arena campaign

OLED-Info has teamed up with Seedrs to offer OLED companies an innovative and effective way to raise capital and grow their businesses, and to offer investors a unique opportunity to invest in promising early stage OLED-related companies. Our sister site Graphene-Info launched a similar graphene crowdfunding service, and we're happy to announce that the first such campaign is now live (and it has already reached 41% of its funding goal, only one day after the campaign launched!).

planarTECH planarGROW 8S photoplanarTECH, founded in 2014, supplies CVD equipment for the production of high quality graphene sheets, as well as other 2D materials. The company was focused on research institutes, and already sold over 65 systems with a customer list that includes Manchester University, the University of Cambridge, Stanford University and the National University of Singapore. planarTECH aims to expand its business by continuing to supply more R&D systems, initiate a system support service, start offering industrial-scale system (it already has strong interest from several potential customers) and also start producing CVD graphene and other 2d materials.

UDC reports its Q4 2019 financial results, with $102 million in revenues

Universal Display reported its Q4 2019 financial results - revenues were $102 million, an increase of 45% compared to Q4 2018. Net income in the fourth quarter was $26.4 million.

Universal Display PHOLED materials photo (2020)

Looking at 2019, UDC had a record year - with revenues of $405 million and a net income of $138 million. 2019 was a year of significant capacity additions, and 2020 will see less significant growth due to "capacity digestion". Looking into 2020, UDC sees revenues in the range of $430 to $70 million. UDC estimates that the coronavirus outbreak in China could lower its 2020 revenues by $40 - 50 million.

Coherent reports a positive Q4 2019 and sees an increase in OLED system orders

Photonics-based solutions provider Coherent reported its financial results for Q4 2019 - with revenues of $320.8 million, and a net profit of $5.8 million. The company says that these are encouraging results, and full-year outlook is improving.

LTPS laser annealing photo

Coherent's display orders were up significantly for LineBeam systems and service. These systems orders are all destined to China, and the increase in service orders "reflects higher demand for OLED-equipped smartphones in Q4 2019". Orders for OLED cutting using short pulse and CO2 lasers were also up.

Japan Display receives $935 million from Ichigo Asset Management

In August 2017, Japan Display announced a last-resort strategic focus on OLED displays as the Japanese display maker failed to shift to OLED displays in time. Since then JDI was busy trying to raise the funds needed to construct a large-scale OLED fab, raising $430 million from Oasis Management group and one of its customers (likely to be Apple).

As was discussed earlier, JDI now confirmed that Ichigo Asset Management will invest up to 100.8 billion yen (around $925 million) in JDI, and secure a stake of over 50% in JDI.

LG Display reports better-than-expected Q4 2019 results, driven by a strong demand to OLED TVs and smartphone OLEDs

LG Display posted its financial results for Q4 2019, with a lower-than-expected loss of $361.6 million and revenues of $5.4 billion - a 10% increase over last quarter, driven by a rise in sales of OLED TVs and smartphone OLEDs.

LG OLED CX photo

LGD has given an optimistic forecast for 2020 as it sees higher demand for its OLED TV and mobile P-OLED panels. LGD expects its OLED TV panel revenue to "rise steeply" as its Guangzhou OLED TV fab increases its production - LGD now says it expects the fab to start mass production in March 2020.

BOE plans a new OLED microdisplay fab in a $470 million investment

In March 2017 OLED maker BOE Technology and OLED microdisplay maker OLiGHTEK announced a new $170 million joint-venture to produce OLED microdisplays for the consumer VR and AR markets

Once complete, BOE's fab will have the largest capacity in the industry - but this is not enough for BOE. Yesterday it was reported in Chinese media that BOE plans to build a second, larger OLED microdisplay fab in Yunnan. BOE will invest $257 million while a state-owned development group will invest $28 million. BOE will also raise $200 million from external sources. Total investment in the new fab will total $486 million.

Is Samsung delaying its $10.8 billion QD-OLED investment plans?

In October 2019 Samsung Display formally announced its decision to invest $10.85 billion in QD-OLED TV R&D and production lines. SDC was supposed to start the plan in 2019, but according to a report from China the Company is delaying its initial investment. Originally mass production was supposed to begin in Q1 2021, but this may happen later if the investment is delayed.
Samsung Display production hub, Tangjeong, South Chungcheong Province

It seems as if equipment makers expected to receive orders for production equipment, but that did not happen. The report says that Samsung decided to make personnel changes and transfer in January 2020 and only after these changes will the company finalize its investment plan in the new OLED TV fab.

Meyer Burger sells its PixDro inkjet printing unit to Suss MicroTec

Meyer Burger announced that it is selling its PixDro inkjet printing business to Germany-based Suss MicroTec SE. The agreed price is $5 million, and the transaction is expected to be completed by the end of February 2020. Meyer Burger reveals that PixDro currently has annual sales of around $8 million. This transaction continues Meyer burger's strategic focus on its solar (PV) business.

Meyer Burger CONx TFE system photo

PixDro develops and manufactures inkjet printing equipment for for the electronics and semiconductor industries. PixDro started out as a startup in Isarel, and was later integrated into the Netherlands-based OTB-Group, which was later renamed Roth & Rau AG, which was then acquired by Meyer Burger. The company continues its journey and will now be part of Suss MicroTec.

Cambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDsCambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDs