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Luxell, IMC to develop capabilities of OLED displays

Posted: 11 Feb 2005 ?? ?Print Version ?Bookmark and Share

Keywords:oled display? imc capital?

Luxell Technologies Inc. and IMC Capital Corp. have recently signed a memorandum of understanding to develop manufacturing capability of OLED display production in mainland China. The agreement involves cooperating with another operating partner, which will be marketing new OLED product manufacturing in the region.

With an investment of around $50 million, the terms include IMC providing business strategies, access to business networks in Asia and financial support, while Luxwell will provide technical transfer of its OLED intellectual properties.

The two companies have been gathering assistance from different government agencies in Canada.

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