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Optoelectronics/Displays??

Casio, Toppan form OLED joint venture

Posted: 17 Nov 2009 ?? ?Print Version ?Bookmark and Share

Keywords:OLED? Casio Toppan JV? LCD?

Casio Computer Co. Ltd and Toppan Printing Co. Ltd have entered a joint venture agreement for the shift to mass production of OLED displays

Casio will establish a new company for the small and medium-size display business, and transfer a portion of the new company's shares to Toppan Printing. The new company will add the manufacture and sale of OLED displays to Casio's current line-up of small and medium-size TFT LCDs to strengthen competitiveness in the small and medium-size display business and to foster new growth.

The new company will leverage the strengths of the parent companies. Casio possesses technologies and facilities related to the small and medium-size TFT LCD business, as well as TFT technology to drive OLED. Toppan Printing is a leader in the superfine fabrication technologies based on printing methods that are essential for the manufacture of high-quality OLED displays. With these, the new company will move toward an early start of mass production of OLED displays that make possible high quality at low cost, and make use of Casio's know-how in the small and medium-size LCD business to develop applications of organic EL displays, with the intention of an early start of sales centering on Casio's existing customers. In addition, in the area of small and medium-size TFT LCDs, the new company will continue the development and sale of high-performance, high-quality products using Casio's Hyper Amorphous Silicon TFT high-resolution, high-aperture ratio LCD technology.

Casio will establish a new 100 percent wholly owned subsidiary by the end of February 2010, and to transfer facilities and personnel involved in Casio's small and medium-size TFT LCD business and OLED development on April 1, 2010 through a spin-off. In addition, all shares in Casio's 100 percent wholly owned subsidiary Kochi Casio Co., Ltd. will be transferred to the new company. Following that, 80 percent of the shares in the new company will be transferred from Casio to Toppan Printing on the target date of April 1, 2010.

The company is targeting sales of 35 billion yen ($390 million) for the first fiscal year. It will employ about 600 employees.





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