Month or two, we'll be done |
The new JV is being capitalized with about $150M with BOE the major shareholder. The new OLED-on-Silicon manufacturing facility is expected to be operational in the first half of 2019. The initial capacity is expected to be about 1 million OLED microdisplays per year, and the longer term goal is to establish the largest OLED-on-Silicon capacity in the world. The new facility is expected to be built in Kunming, Yunnan Province, China. Until the new facility is built Kopin and Olightek have entered into an agreement to expand Olightek's current OLED manufacturing capacity by sharing the cost to procure additional deposition equipment for OLED-on-Silicon microdisplays. The new line is expected to produce displays in the first quarter of 2018. The intention is that this capacity will be able to meet initial demand and also allow potential customers to design products with the OLED microdisplays until the BOE facility is in production.
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