News: LEDs
29 July 2024
VueReal doubling manufacturing space
VueReal Inc of Waterloo, ON, Canada plans to double its manufacturing space, introducing a production line capable of producing displays for customers and serving as a blueprint to be adopted in its partners’ facilities.
“We are thrilled to announce our expansion into the consumer market and the growth of our team and facilities,” says CEO Dr Reza Chaji. “Doubling our manufacturing capabilities, forging additional partnerships, and significantly expanding our executive team all reflect our commitment to innovation and excellence, positioning us better to serve our customers and partners across multiple sectors,” he adds.
VueReal already serves the automotive industry, delivering micro-LED display and lighting solutions for global OEMs. Building on this, VueReal is strategically expanding into the consumer market, targeting wearable devices, TVs, IT applications, and augmented reality (AR) products with its MicroSolid Printing platform.
In addition to also expanding its executive team, VueReal is building partnerships with industry leaders such as Toray International to support this growth and create a global ecosystem for MicroSolid Printing.
Doubling manufacturing space for OEMs and display companies
Two-thirds of VueReal’s manufacturing space is dedicated to a new production line that will enable the scale-up of MicroSolid Printing solutions for established display manufacturers and smaller, custom-focused companies. The production line will serve as a blueprint for partners and provide a pathway for them to integrate MicroSolid Printing into their facilities.
Two distinct market opportunities
VueReal says that it is experiencing significant growth through addressing two distinct market opportunities with its MicroSolid Printing technology:
- Well-established display manufacturers: These companies have comprehensive in-house capabilities and require high-volume production of micro-LED displays and other micro-semiconductor applications. VueReal says that its solutions enable them to scale efficiently at significantly lower capital and operational expenditure while maintaining high quality and performance standards.
- Customizable production: These companies aim to produce applications with small-to-mid volume and demand ease of customization. In addition to developing micro-LED displays and other micro semiconductor products for mass audiences, VueReal says that its MicroSolid Printing provides a unique, low/mid-volume production solution. The turnkey blueprint solution provides an end-to-end solution, allowing these companies to start production and scale as needed.
VueReal to create 75 new jobs over three years, aided by Invest Ontario and SDTC funding
