- MicroLED innovator VueReal Inc. brings unprecedented throughput, accuracy, and yield to the multi-billion dollar microLED industry through its revolutionary “microprint” mass transfer approach
- VueReal’s methodology addresses long-standing technical challenges that have hampered microLED development. With their multi-printhead approach, they can print the industry‘s highest resolution displays at scalable speeds and throughput to meet economic demand, all with low capital expenditure.
- TDK Ventures seeks to help develop and bring to market microLEDs with the low-power, high-performance advantages offered over current state-of-the-art organic LEDs (OLEDs)
SAN JOSE, CA, April 21, 2022 /PRNewswire/ — TDK Corporation (TSE:6762) today announced that its subsidiary TDK Ventures, Inc. has invested in microLED developer VueReal Inc. to accelerate and expand its microprint manufacturing process, saving increased cost and performance for display industries including smartphones, watches, automotive display and augmented reality/virtual reality (AR/VR). With over 150 patents worldwide and comprehensive custom display manufacturing capabilities, VueReal has brought potential robust commercial viability to the microLED market for the first time.
The current display market is valued at over $150 billion and is mainly dominated by liquid crystal display (LCD) and organic LED (OLED) technologies. MicroLED offers the same refresh rates, viewing angles, and hardware flexibility (for curved displays) as OLED, but with lower power consumption, improved contrast, improved resolution (micron-sized pixels), and longer life. two to three times longer life, which improves the individual user experience with reduced waste.
VueReal’s proprietary micro-printing process transfers and inspects hundreds of thousands of microLED micro-pitch chips onto an individual printhead. The cartridge printing process is extremely fast with high accuracy and throughput, which can achieve several square meters of coverage per hour. This enables a more than 100x increase in speed over current microLED transfer methods, enabling true time and volume scaling with potential for industrial application. VueReal’s approach to AR display delivers resolutions over 30,000 pixels per inch and their innovative cartridge design ensures over 99.999% yield with micron accuracy. In addition, the cartridges are compatible with existing machines, which means reduced capital expenditure for manufacturers and a lower final cost.
“Dr. Chaji and the VueReal team have created a breakthrough manufacturing method that has the potential to take microLED from the realm of the exotic to the mainstream,” said the president of TDK Ventures. Nicholas Sauvage. “They epitomize the type of entrepreneur we love to work with and share our vision for digital transformation that enables a sustainable future. Their ongoing relationships with major automotive OEMs for vehicle displays are a huge testament to the work they have done. and the traction they already have.”
“Our partners will benefit from the high yield and throughput of our technology, as well as our established and skilled supply chains that will provide access to production-ready processes,” said Dr. Reza Chaji, CEO of VueReal Inc. We are incredibly excited to be partnering with TDK through TDK Ventures, having access to their network and expertise will only help accelerate our innovations in the display market.
Cycle Capital led this Series B financing round, along with Vitro Corporation, Business Development Bank of Canada, and Canada Economic Development is also involved. Working together, TDK Ventures will leverage its extensive network, including many TDK business units, to commercialize microprinting technology and drive the digital transformation and sustainability missions that power their portfolio.
“Cycle Capital is delighted to invest in VueReal whose transfer technology can dramatically improve the energy efficiency and performance of displays in multiple consumer products and enable the creation of next-generation display platforms in the worldwide,” said Andrée-Lise Méthot, founder and managing partner at Capitale du cycle. “Congratulations to the team on successfully completing a Series B funding round and partnering with valuable strategic investors like TDK. We look forward to supporting the management team in their next stage of growth and seeing what is the next step.”
To learn more about TDK Ventures, interested startups or investment partners should visit www.tdk-ventures.com or contact at [email protected].
About TDK Corporation
TDK Corporation is a global leader in electronics solutions for the smart society based in Tokyo, Japan. Built on a foundation of mastery of materials science, TDK welcomes societal transformations by remaining resolutely at the forefront of technological evolution and deliberately “Attracting Tomorrow”. It was created in 1935 to market ferrite, a key material in electronic and magnetic products. TDK’s comprehensive, innovation-driven portfolio includes passive components such as ceramic, aluminum electrolytic, and film capacitors, as well as magnetic, high-frequency, piezo, and protection devices. The product range also includes sensors and sensor systems such as temperature and pressure, magnetic and MEMS sensors. Additionally, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda product brands. TDK focuses on the demanding automotive, industrial and consumer electronics, and information and communication technology markets. The company has a network of design and manufacturing sites and sales offices in Asia, Europeand in the North and South America. In fiscal 2021, TDK recorded total sales of $13.3 billion and employed approximately 129,000 people worldwide.
About TDK Ventures
TDK Ventures Inc. invests in startups to strengthen innovation in materials science, energy/electricity and related fields typically underrepresented in venture capital portfolios. Founded in 2019 as a wholly owned subsidiary of TDK Corporation, the venture capital firm’s vision is to propel digital and energy transformations of segments such as health and wellness, next-generation transportation, robotics and industry, mixed reality and the wider IoT/IoT. IIoT Markets. TDK Ventures will co-invest in and support promising portfolio companies by providing technical expertise and access to the global markets where TDK operates. Interested startups or investment partners can contact TDK Ventures: www.tdk-ventures.com or [email protected].
VueReal is engineering the next electronics revolution by developing and commercializing technology platforms that enable efficient, convenient, and scalable production and integration of micro- and nano-devices. VueReal’s solutions promise to turn the potential of micro-LED technology into reality by enabling the realistic displays needed for the next generation of smartphones, televisions, laptops, virtual/augmented reality systems, head-up displays, dashboards, infotainment systems, and wearables. For questions regarding investment, collaboration, partnership and products, please contact VueReal at [email protected].
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