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銆€銆€SFA Engineering announced that it has signed a $53.5 million contract with OLED developer Royole to supply OLED manufacturing equipment. SFA did not disclose what kind of deposition equipment it will deliver exactly.
銆€銆€Royole is constructing a 5.5-Gen flexible OLED production facility in Shenzhen, China. The new fab is scheduled to begin operation in 2018 and will have a monthly capacity of 45,000 substrates.
銆€銆€In November 2016 Royola announced that it raised $80 million from several VCs, at a valuation of $3 billion. Since its inception in 2012 Royole raised $280 million, but it probably has access to more funds as the cost estimation of its production fab is around $1.7 billion.
銆€銆€In addition to flexible OLED production and R&D, Royole also develops VR headsets, and in 2016 Royole launched its first product, the Royole Moon foldable VR headset - that uses OLED microdisplays to achieve a PPI of over 3,000. The $799 Moon also includes noise-cancelling headphones and runs on the company's own Moon OS. It is not clear if Royole produces or purchases these microdisplays.
銆€銆€Royole is also developing flexible sensor technology, and offers its IP for licensing. The company says it has over 500 patents (issued and pending) - in the areas of materials, processes, devices, circuits, software and product design.
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