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Kateeva Expands Operation in Korea
SEOUL, South Korea and MENLO PARK, Calif., Jan. 20, 2014—Kateeva today announced an expansion of its Korea operation, marking a substantial investment in the world’s leading display manufacturing region. The company will absorb the assets of Seoul-based OLED Plus Co. Ltd., (OLED Plus), an OLED equipment design, sales, service and support company headed by OLED industry veteran, KB (Kyung Bin) Bae. Kateeva has developed an inkjet printing manufacturing equipment solution for flexible and large-size OLEDs. Kateeva and OLED Plus first began collaborating in 2011 to advance Kateeva’s customer and product positioning in Korea. Today’s move builds on that effort by creating an “instant-on” local infrastructure to support Kateeva customers. Mr. Bae becomes General Manager of the combined entity known as Kateeva Korea, a wholly owned subsidiary of Kateeva, Inc.
The expansion marks a high point for Kateeva. Last November, the company introduced the YIELDjet™ platform, the world’s first inkjet printer engineered from the ground up to mass produce flexible and large-size OLED panels. Interest in the technology is high, especially in Korea. Display manufacturers are attracted by the breakthrough design innovations that dramatically increase yield and lower production costs. Moreover, the timing for Kateeva’s Korea expansion is ideal. With the market for rigid OLED devices now maturing, demand for flexible OLED products is on the rise. Enabling such ultra-light, paper-thin OLED displays—at an economically viable cost—is central to Kateeva’s precision inkjet deposition solutions.
Kateeva CEO Alain Harrus, Ph.D., called the expansion a timely strategic move. “Korea is home to consumer electronics leaders known for consistently pushing technology boundaries to create dazzling products. Today, their most ambitious products are made possible by OLED technology. And companies like Kateeva are stepping up with production equipment innovations that are transforming the manufacturing economics. Thanks to Mr. Bae and his team, we have established a firm foothold in the region and forged strong relationships with key players. Now, with commercial shipments imminent, we’ve got the right-size support infrastructure. We’re pleased to welcome our new colleagues into the Kateeva organization.”
“Kateeva and OLED Plus make an excellent match,” said Mr. Bae. “The YIELDjet technology is impressive, and the team is exceptional. More important, customers are excited about inkjet printing for OLED mass production. Long considered the ideal technique for OLED, there’s keen interest in Kateeva’s solution which is the industry’s first production-worthy approach. We’re happy to join the team that’s bringing this game-changing production technology to Korea.”
Co-founded by Mr. Bae in 2010, OLED Plus develops advanced OLED deposition/encapsulation equipment which is used by leading display manufacturers. Mr. Bae began his OLED career in 1998 when he founded ANS, Inc., also a developer of OLED deposition/encapsulation equipment. ANS introduced the industry’s first Thin Film Encapsulation (TFE) tool. In 2009, SNU Precision acquired ANS. Mr. Bae then led SNU Precision’s OLED products division. Before ANS, Mr. Bae worked with Varian Korea.
Kateeva 为先进电子技术制造商提供具有突破性的生产设备。该公司领先开发了一种精确沉积技术平台，采用创新的喷墨印刷技术，在复杂应用中以惊人的速度和卓越的精确度沉积涂层。技术领导者通过 Kateeva 的解决方案，可实现柔性和大尺寸 OLED 显示屏等尖端产品的高成本效益量产。Kateeva 总公司位于硅谷，同时在韩国设有营运部；该公司获得许多重要风险创投公司和其他投资人的投资和支持。www.kateeva.com。
簡·埃文斯-萊恩 (Jane Evans-Ryan)
Kateeva 公司 Genuity 公關人員
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