This comes at a time when analysts predict a US$28.7bn investment in organic light-emitting diode (OLED) production across South Korea, Japan and China in 2016-2017 and SmartKem is hoping to strengthen its position within the OLED display industry in China.
Whilst Samsung currently serves approximately 90% of the today's OLED market, strong competition is beginning to emerge from China. Indeed, Chinese panel manufacturers are beginning to switch investments from building liquid crystal display (LCD) facilities to new OLED facilities with many manufacturers setting their sights on new application markets for rigid and importantly, flexible OLED based display product.
“As the Chinese OLED industry matures, China’s capabilities in both traditional and flexible OLED production will only increase as it turns its focus to designing and developing its own products rather than manufacturing someone else’s", stated SmartKem's CEO and founder Steve Kelly.
“China no longer wants to be seen as simply the ‘production house of the world’. It now wants to be at the forefront of technological innovation, supporting value-added industries, to spur its economy. Global partnerships within the display supply chain are essential to open up new opportunities for both Chinese and overseas companies; for while China can gain an incredible advantage from overseas innovations in new materials, foreign companies are also very much aware that they need China to provide a market. It is clear from current and planned Chinese investment they intend to be a key player in this arena”, the CEO clarified.
The British company provides world-class organic semiconductor materials for the low temperature, solution-coat manufacture of thin film transistors for the production of flexible displays and electronics. It has a broad patent portfolio and boasts a number of high profile joint development agreements in place with Asian display manufacturers.
Visit SmartKem at www.smartkem.com