Flexenable raises $ 11 million to $ 25 million for mass production of flexible displays and active optics

[Cambridge (UK) February 22, 2022 PR NEWSWIRE] Flexenable (https://www.flexenable.com/) is a leader in developing and industrialization of flexible organic electronics, and is 11 million as a series B. I procured the dollar. Coretronic (https://www.coretronic.com/en) has been strategic investment with a major Taiwanese LCD backlight module maker in Taiwan, along with a leading European family office (FO). The first $ 11 million investment is expected to have an additional $ 14 million option, and to provide FlexEnable to strengthen the mass production of flexible displays and LCD optical modules in Asian display manufacturing partner companies. It is. This fund is also used to increase the needs of display -manufacturing partner companies that start mass production and to increase the company's organic material production capacity.

The organic electronics platform (https://www.flexenable.com/technology/otft-technology-platform/), which has been awarded FlexEnable, has a consistent manufacturing process and a Flexim (TM) organic semiconductor material. These elements can be integrated to manufacture flexible organic LCD displays (OLCD) and LCD optical films (LC Optics) that do not contain glass in existing displayed fabs. This revolutionary technology allows you to display information on almost every surface, manipulate light, modulation, and focus. OLCD and LC OPTICS, which are ultra -thin, lightweight, flexible, and support 3D, have a market that can realize $ 100 billion. The market has a notebook, tablet, smart home device, AR / VR headset, automobiles, monitors, and TV.

Flexenable CEO Chuck Milligan (Chuck Milligan) states:"By welcoming the leading company's Coretronic as an investor and partner, you can also enhance both technical leadership in FlexEnable's business models and materials and processes. These techniques have a large number of unique optical modules and displays.Production is possible. CORETRONIC is a major player in the LCD supply chain, making full use of deep expertise in the industry and currently contributes important to the transition from production setup to mass production.I am very happy that the investor has joined, and I am very grateful for the continuous support of RUSNANO and novares, which have been working on the development of our technology and excellent commercial projects for the past few years."

FlexEnable's business model uses Flexiom (TM) organic semiconductor materials and manufacturing process IPs using existing display production capacity that is not used, and transfer technologies with the Asian flat panel display (FPD) production line.We manufacture flexible displays and LC optical parts through licensing and consignment agreements.The company has already implemented four aggressive technology transfer programs with several major Asian display manufacturers, and the first mass production will be started in the latter half of 2022.

"Our household electrical appliances partner companies and customers are continuing to improve the functionality of the product as well as the improvement of foam factors. Flexenable technology has a new, lighter and more flexible device.Functions can be realized. We look forward to mass production of these new products in cooperation with the Flexenable team, "said Coretronic, Sarah Lin.

"It will be very exciting for the next 12 months. The first product with a series of manufacturing partnerships will be mass -produced and will lead to rapid income and rapid income. In addition to the production partnership.There is an important commercial program with the world's largest OEM /brand company in household electrical appliances, and our technology is required to bring innovative functions on the surface of future products. "The company CEO Milligan has been added.

About Flexenable

FlexEnable has gained about 700 patents on the development and manufacturing process of organic materials and has more than 1,000 engineering experience, and is a global leader of organic electronics. The Company has developed and industrialized a complete low -temperature manufacturing process for small areas on ultra -thin plastic substrates and large areas of organic electronics. Flexenable also owns FlexIom (TM), the industry's highest -class performance, and is the only company that provides both organic materials and industry -certified manufacturing processes. We are a fabric business model with organic electronics technology in the market. Our processes and solutions were developed to use existing assets and supply chains to use on the current flat panel display line. Flexenable's technical application includes home appliances, AR / VR, and flexible display for car applications and flexible optical films. FlexEnable provides a Flexiom (TM) material and transferres and licensing its own technology platform to the display manufacturer. In addition, in partnership with OEM and Tier companies, we are working on the development of next -generation products, from design to prototyping, product certification, and mass production.

For more information, please visit our website www.flexenable.com or contact us to e -mail info@flexenable.com.

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(Japanese Release: Client provided)