12/23/2021 13:02:05
LPKF concludes agreement on joint development of glass processing technology with one of the major global display enterprises
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LPKF Laser & Electronics Aktiengesellschaft / Key word(s): Alliance Garbsen, 23.12.2021 - The technology company LPKF Laser & Electronics AG today concluded a Joint Development Agreement (JDA) for a glass processing technology with one of the major global display enterprises.
Building on extensive joint development work, the companies will further optimize a specific solution enabling future display devices. If the development is successfully completed, LPKF expects this technology to be widely used in various applications for the enterprise. The development is based on LPKF's LIDE technology (Laser Induced Deep Etching) which enables customers to process thin glass quickly, precisely and without any damage such as micro cracks. This makes LIDE a fundamental technology for many microsystems technology applications, including flexible displays and semiconductors as well as microfluidics or MEMS fabrication. Although LPKF cannot indicate a specific sales volume resulting from the JDA at this stage, the company considers this agreement a major milestone in its commercialization strategy for LIDE in the display area. The JDA is also viewed as an important step to reach the company's mid-term guidance. The parties have agreed not to disclose details of the JDA. LPKF Laser & Electronics AG shares are listed in the SDAX of the Frankfurt Stock Exchange (ETR:LPK, ISIN: 0006450000). Contact: Bettina Schäfer, Department Manager Group Communication & Investor Relations
23-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | LPKF Laser & Electronics Aktiengesellschaft |
| Osteriede 7 | |
| 30827 Garbsen | |
| Germany | |
| Phone: | +49 (0) 5131 7095-0 |
| Fax: | +49 (0) 5131 7095-95 |
| E-mail: | investorrelations@lpkf.com |
| Internet: | www.lpkf.com |
| ISIN: | DE0006450000 |
| WKN: | 645000 |
| Indices: | SDAX, |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1261822 |
| End of Announcement | DGAP News Service |