SOURCE: Jusung Engineering Co., Ltd.

Jusung Engineering Co., Ltd.

November 24, 2011 09:00 ET

JUSUNG Engineering (KOSDAQ036930) Succeeds in MOCVD IGZO TFT Process and Equipment Development as the First in the World

World's First MOCVD IGZO Technology for Advanced Flat Panel Manufacturing

Enabling Panel Makers to Reach Resolutions Above Full HD LCD and Future OLED Displays

GEYONGGI-DO, SOUTH KOREA--(Marketwire - Nov 24, 2011) - JUSUNG Engineering Co. Ltd (CEO Chul-joo Hwang) (KOSDAQ: 036930), a leader in semiconductor, display and solar cell manufacturing technologies, released a pioneering deposition technology that enables flat panel display makers to dramatically enhance high definition resolution in the next generation displays.

The new product utilizes a metal organic chemical vapor deposition (MOCVD) technology to apply the critical transparent semiconductor oxide material for use on flat panels. This new material, IGZO - Indium, Gallium, Zinc, Oxygen, replaces the traditional amorphous silicon based active layer. IGZO has an electron mobility 40 times greater than traditional materials such that a display's reaction speed can be more swiftly controlled. In doing so, panel makers will be able to offer screen resolutions higher than the current Full High Definition. JUSUNG is the only company in the World that offers this MOCVD IGZO capability for 8th Generation sized panels.

MOCVD offers significant benefits over conventional deposition methods. Specifically, it allows panel makers to fine tune the composition of the IGZO material to customize it for their application. This is a significant step in the application of the new material because previous conventional deposition methods such as sputtering limit the composition to fixed ratios. By improving upon these shortcomings, JUSUNG expects this new MOCVD technology to gain market acceptance as panel makers seek to expand their product offerings.

JUSUNG's new MOCVD IGZO is compatible with next-generation LCD TVs, OLED TVs, and mobile displays. As such, the company will focus on proliferating this technology to secure additional share in the flat panel deposition market.

A JUSUNG Engineering representative explained, "The display companies of the world have set out to transition high-speed display technology through utilizing IGZO materials." He added, "By being the first to market with this enabling technology, JUSUNG Engineering will also accelerate its increasing market influence as a leading global capital equipment manufacturer."

About JUSUNG Engineering
Since establishment in 1995, JUSUNG Engineering has been a leading provider of manufacturing technologies for the global marketplace. Based in Korea with a network of world-wide offices, it offers innovative and differentiated technologies for the semiconductor, flat panel display, and solar markets. It has also entered the lighting market through leveraging its core technologies and applying them for LED and OLED lighting. JUSUNG's innovations are currently employed in many of the World's leading technology manufacturing companies. As such, JUSUNG is securing its position as an industry leader for enabling, next-generation technologies.

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