In recent years, with the market of augmented reality/virtual reality technology (hereinafter referred to as “AR/VRâ€) continuing to expand, organic light-emitting diode (hereinafter referred to as “OLEDâ€) micro-display technology (Micro-OLED) products are self-illuminating and thin. With excellent features such as light weight, the business opportunities in AR/VR are becoming more prominent. In order to meet the huge market demand and accelerate the strategic layout in the field of microdisplay devices, BOE Technology Group Co., Ltd. (hereinafter referred to as "the company") intends to cooperate with Yunnan North Orade Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Oreid") Gaoping Technology (Shenzhen) Co., Ltd. (hereinafter referred to as “Gaoping Technologyâ€) and Yunnan Yuzhong Industrial Development Group Co., Ltd. (hereinafter referred to as “Zhongzhong Developmentâ€) cooperated to jointly invest RMB 1.15 billion in Kunming City, Yunnan Province. The first large-scale OLED microdisplay device production line project in China, engaged in the production, sales and R&D of OLED microdisplay devices. According to the data, Ored is the only company in China that has mastered the key core technologies of OLED microdisplay devices and has the ability to mass produce multi-spec OLED microdisplay devices. It has overcome many key technologies such as “device overall structural designâ€. More than 10 core patents have passed the "ISO9001" quality management system certification, and an advanced production line with an annual output of 450,000 microdisplay devices has been built. Gaoping Technology is a wholly-owned subsidiary of Kopin Corporation, Inc. (hereinafter referred to as “Kopinâ€). Kopin is a provider of real-world, voice-enhanced and wearable electronic end-product solutions. Founded in 1984 by the Massachusetts Institute of Technology, its technology products include ultra-microdisplays, optics, and voice enhancement technologies. The products are mainly used in military and industrial applications. And consumer electronic head-mounted computer systems. Seize the AR/VR market opportunity In recent years, as hardware and video technologies have matured, the AR/VR industry has begun commercialization. According to data from the US market agency International Data Corporation, the VR industry will grow rapidly after 2016. In 2020, it is expected to ship 30 million units with an output value of US$13 billion and a compound annual growth rate of 75% (output value). Compared with the common OLED display device with glass as the back plate, the OLED micro display device uses a single crystal silicon wafer (Wafer) as the back plate, in addition to the OLED self-luminous, thin thickness, light weight, large viewing angle, short response time, In addition to high luminous efficiency, it is easier to achieve high PPI (pixel density), small size, easy to carry, low power consumption and other excellent characteristics. At the same time, OLED is especially suitable for AR/VR display devices such as head-mounted displays, stereo display mirrors and eyeglass-type displays. Its unique advantages fit the needs of AR/VR display devices, and the growth space is huge. In order to seize the AR/VR industry opportunities, it is necessary for the company to accelerate its strategic layout in the field of OLED microdisplay devices. Seize the commanding heights of OLED microdisplay technology The OLED microdisplay device produced by Ored has reached the international advanced level and is clearly ahead of the US competitors in terms of all-digital design, gamma correction, gray-scale resolution, power consumption, and product compatibility. BOE and Ored will cooperate to break through key technologies, seize the commanding heights, and enhance the international competitiveness in the field of OLED microdisplay devices. BOE said that based on the current global consumer demand for OLED microdisplay devices in the global consumer electronics market, the company's customer resources, capital operation capabilities and large-scale industrialization capabilities in display devices are fully utilized. At the same time, relying on Ored's key technologies and core patents in the field of OLED microdisplay devices, it absorbs the commercialization capabilities of Gaoping Technology in display, voice enhancement and wearable electronic terminal products, and introduces the development of the company to strengthen cooperation with local capital. According to the plan, the four parties will jointly establish a new joint venture company, give full play to the advantageous resources of all aspects, further expand the technical layout in the field of OLED, accelerate the formation of the industrialization capability of OLED microdisplay devices, and help to enhance the technological innovation capability of the company's cutting-edge products and protect the company. Competitive advantages in emerging markets, expanding economies of scale and enhancing overall profitability. Data Line,Charge Wire,Data Line Charge Wire,One Wire Three Charge Wire Guangzhou Lufeng Electronic Technology Co. , Ltd. , https://www.lufengelectronics.com