Dec. 10, 2001

Ritek Corp. of Taiwan announced the formal start of operations of its affiliate, RiTdisplay Corp. Ritek told the local press that it is aiming to generate sales to makers of portable electronic devices and portable wireless communications products.

The new company, originally Ritek's organic light-emitting diode (OLED) research and development department, is expected to be the world's largest supplier of OLED an polymeric light-emitting diodes (PLED) displays in 2002, as it begins to operate at full capacity.

During the opening ceremony for the new plant, RiTdisplay general manager Wang Ding-chang said the company has developed and produced OLEDs with stunning speed and taken the initiative of building the first fully automated mass production facility if this kind.

OLEDs are self-emitting and thus do not require a backlight. They are extremely thin, lightweight, and use little power, characteristics which make them suitable for portable electronic products.

RiTdisplay also has technology for PLED display production. These displays are regarded as brighter than today's small LCDs. They have richer color and can be viewed from a variety of angles without backlighting.

Some U.S. and Japanese investors are already rumored to be interesting in funding the new company for expansion.