AP Systems signs large redacted deal – Wonik signs deal with Samsung
AP Systems (265520.KS) announced a $115.6m deal with a customer but provided no details as to who the customer was, citing ‘requesting (sic) the trade secret of the other party’ for the lack of detail. While somewhat unusual for equipment companies to announce large deals with redacted details, they tend to be oriented toward a particular South Korean company that is a major producer of consumer electronics. AP Systems is a provider of a number of large tools for the display industry, particularly laser based annealing for LTPS backplanes, and for laser lift-off of glass substrates when producing flexible OLED displays. As OLED producers delve further into flexible OLED production, the necessity of such tools is obvious, and the desire for some of those producers to remain anonymous is also obvious, although the two largest OLED producers are situated in South Korea. One can draw conclusions….
Wonik (240810.KS) also signed a deal, this time with Samsung Electronics (005930.KS) for $35.5m. Wonik is a supplier of a variety of deposition tools for the display space, which included heat treatment, PECVD deposition tools, and ALD[1].
[1] ALD _ Atomic Layer Deposition – A process by which materials are deposited on a substrate one atomic layer at a time. This allows for precise control of material thickness but is a slower process than other deposition methods.
Wonik (240810.KS) also signed a deal, this time with Samsung Electronics (005930.KS) for $35.5m. Wonik is a supplier of a variety of deposition tools for the display space, which included heat treatment, PECVD deposition tools, and ALD[1].
[1] ALD _ Atomic Layer Deposition – A process by which materials are deposited on a substrate one atomic layer at a time. This allows for precise control of material thickness but is a slower process than other deposition methods.
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