18. December 2020 | Finance News

OLED project Phase II completed / Asian display manufacturer grants final acceptance for Gen 2 OVPD(R) system

DGAP-News: AIXTRON SE / Key word(s): Alliance
18.12.2020 / 08:30
The issuer is solely responsible for the content of this announcement.

OLED project Phase II completed

Asian display manufacturer grants final acceptance for Gen 2 OVPD(R) system

Herzogenrath/Germany, December 17, 2020 - AIXTRON SE (FSE: AIXA) today announced that APEVA, AIXTRON's subsidiary for OLED (Organic Light Emitting Diode) deposition technologies, received the final acceptance for its Gen 2 OVPD(R) (Organic Vapor Phase Deposition) deposition system from its customer, one of the world's largest display manufacturers. APEVA's prototype OLED deposition system, which is based on the innovative OVPD(R) technology, enables a highly efficient deposition of organic materials for OLED displays.

APEVA now plans to enter into discussions about the feasibility of a final qualification project (phase III). Such project would target to ensure the scalability of the OVPD(R) deposition technology to large area substrates. The decision for such phase III is open at this point in time.

The final acceptance by the customer successfully completes phase II of the qualification project on the path to commercialize APEVA's proprietary OLED deposition technology. During this phase, the OVPD(R) system was effectively scaled up from a Gen 1 (200x200mm) laboratory system to a Gen 2 (370x470mm) pilot manufacturing system. The OVPD(R) OLED deposition system has been installed and extensively tested in a Gen 2 OLED pilot manufacturing line of the customer. The successful conclusion of the project confirms the potential of the technology for OLED manufacturing.

AIXTRON's subsidiary APEVA is a complete deposition system provider for the organic material layers within the OLED stack. Its product offering spans the full set of key modules from innovative organic evaporation sources, deposition process technology as well as substrate handling systems and the required vacuum technology.


Forward-Looking Statements

This document may contain forward-looking statements regarding the business, results of operations, financial condition and earnings outlook of AIXTRON. These statements may be identified by words such as "may", "will", "expect", "anticipate", "contemplate", "intend", "plan", "believe", "continue" and "estimate" and variations of such words or similar expressions. These forward-looking statements are based on our current assessments, expectations and assumptions, of which many are beyond control of AIXTRON, and are subject to risks and uncertainties. You should not place undue reliance on these forward-looking statements. Should these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of AIXTRON may materially vary from those described explicitly or implicitly in the relevant forward-looking statement. This could result from a variety of factors, such as actual customer orders received by AIXTRON, the level of demand for deposition technology in the market, the timing of final acceptance of products by customers, the condition of financial markets and access to financing for AIXTRON, general conditions in the market for deposition plants and macroeconomic conditions, cancellations, rescheduling or delays in product shipments, production capacity constraints, extended sales and qualification cycles, difficulties in the production process, the general development in the semi-conductor industry, increased competition, fluctuations in exchange rates, availability of public funding, fluctuations and/or changes in interest rates, delays in developing and marketing new products, a deterioration of the general economic situation and any other factors discussed in any reports or other announcements , in particular in the chapter Risks in the Annual Report, filed by AIXTRON. Any forward-looking statements contained in this document are based on current expectations and projections of the executive board based on information available the date hereof. AIXTRON undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law.

This document is an English language translation of a document in German language. In case of discrepancies, the German language document shall prevail and shall be the valid version.

18.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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