Welcome!

News Feed Item

Kateeva Expands Operation in Korea

SEOUL, SOUTH KOREA and MENLO PARK, CA -- (Marketwired) -- 01/20/14 -- 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.

About Kateeva, Inc.
Kateeva is driving new advances in OLED production technology. The company has pioneered an inkjet printing manufacturing equipment solution that enables flexible and large-size OLEDs to be produced over large areas and in high volume -- with longer lifetimes, higher yields and lower production costs. It's the industry's first economically viable and production-worthy technique to use printing for low-cost mass-production of OLEDs. Kateeva is headquartered in Silicon Valley, maintains a wholly owned subsidiary in Korea, and is backed by leading Venture Capital firms and other investors. www.kateeva.com.

YIELDjet is trademarked by Kateeva.

Contact
Jane Evans-Ryan
Genuity PR for Kateeva, Inc
Tel: +1-408-489-6391
Email: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...