Daktronics (NASDAQ-DAKT) has announced that it has participated in a Series A investment round in Xdisplay Company.
Xdisplay Company creates and owns leading intellectual property and capabilities in microLED mass transfer technology.
Daktronics President and CEO Reece Kurtenbach said “We see a lot of promise in microLEDs and the products we can produce with this technology. We believe XDC is a great partner, with IP and expertise in both the production processes and core technologies needed to produce microLED displays. In conjunction with our participation in this investment round, we are also cooperating on several developments and plan to announce additional product offerings for the Narrow Pixel Pitch (NPP) marketplace later this year”.
Xdisplay Company CEO Randolph Chan told us “With our roots in mass transfer technology, we’re expanding into the LED space with a significant amount of potential in the large display market. We’re excited about this opportunity to develop products with Daktronics, as well as the potential for displays of many different types to leverage our technologies. We look forward to the developments we can bring to life while working together.”
MicroLEDs are less than 50 microns in size and significantly reduce the space need to create pixels that form an image on a display. MicroLEDs are thin, lightweight and power-efficient solid-state devices that emit light that can be manufactured as semiconductor wafers on both flexible and rigid substrates, making them highly suitable for use in full-color displays. MicroLED displays are in the early stages of capturing a growing share of the USD 150+ billion display market, especially in the mobile phone, television, signage and automobile applications.
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