SOURCE: CLEARink

CLEARink

May 23, 2016 08:00 ET

CLEARink Displays and Suzhou JinFu Establish Joint Venture

JV to Commercialize Innovative, Reflective Displays in China

SANTA CLARA, CA--(Marketwired - May 23, 2016) -  CLEARink Displays and Suzhou Jinfu (SZSE: 300128) today announced that they have established a Joint Venture in Shanghai, China. The Joint Venture will commercialize CLEARink's breakthrough reflective display technology for various ePaper applications in China.

JinFu, a Suzhou, China based company was founded in 2004 and is listed on the Shenzhen stock exchange. With a market cap of over US$1b and about 4,000 employees JinFu today supplies display modules and assemblies to various applications including mobile devices. Its customers include BOE, Foxconn, Lenovo, LG, Samsung, Sony, TCL, and others. Jinfu has a strong presence in the display market in China including robust channels into various targeted ePaper market segments.

The Joint Venture will address established and emerging reflective display market applications including mobile phones, wearable devices, tablets and eReaders. The Joint Venture will also supply electronic shelf labels to the massive Chinese retail market, where dynamic pricing and price accuracy are most desired.

"JinFu has been very successful in the display industry in China and our JV with CLEARink will give us access to a technology that meets so many of our customers' needs," said Mr. Fu Guoping, Founder and Chairman of JinFu. "CLEARink's technology and our cost effective display manufacturing expertise together will realize the true potential for ePaper."

CLEARink intends to launch its first monochrome product in early 2017, and will unveil its first color reflective display prototypes, at the occasion of SID's Display Week 2016 in San Francisco. The color displays will be launched commercially in 2018.

"Our Joint Venture with JinFu will deliver cost effective reflective displays in China. Using CLEARink displays, mobile device makers will finally be able offer devices that are sunlight readable, always-on, while also having a long battery life", said Frank Christiaens, founder & CEO of CLEARink Displays. "The overwhelming response we have received from potential customers shows a big gap in the display market that CLEARink can address."

Interested mobile device makers that are visiting DisplayWeek 2016 can contact scott@clearinkdisplays.com to set a time to see product demos in CLEARink's private suite.

About CLEARink Displays, Inc.

CLEARink is a leader in reflective display technology for Electronic Shelf Labels (ESLs), wearables, and mobile devices. CLEARink's TIR technology is a superior alternative to existing reflective displays, providing unparalleled video and color representation, using a fraction of the energy consumption of LCD displays, with a highly competitive cost structure. The TIR technology from CLEARink is patent protected. Founded in 2012, the company has raised more than US$10 million in financing from top-tier venture capital firms and is headquartered in Santa Clara, California.

About JinFu New Material Co. Ltd

Founded in 2004, JinFu successfully launched its IPO on the Shenzhen Stock Exchange in 2010. With 14 subsidiaries and about 4,000 employees, JinFu specializes in electronic materials for optical films and display modules, and has in-house R&D and production capabilities.

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