VueReal Announces $8.5 Million in SDTC Funding for Advancing Micro-LED Display Technologies

Micro- and nano-devices promise amazing capabilities with incredible power efficiency

WATERLOO, ON, Oct. 3, 2018 /CNW/ - VueReal Inc., a developer of key technologies for micro- and nano-devices, is pleased to announce $8.5 million in funding from Sustainable Development Technology Canada (SDTC) to support a total project investment of over $26.0 million.  SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions. VueReal will use the funding to further develop innovative micro-LED technologies by expanding its Waterloo team and launching an Advanced Nano-Technology Center – a fabrication facility that might well be unique in the Western hemisphere.

Micro-LED displays use screens built from tiny versions of the same type of chip used in LED lights. They have many significant advantages over today's OLED and LCD screens, including being much brighter (a requirement for displays that must compete with ambient daylight), supporting higher frame-rates, delivering denser pixels per inch (PPI), providing better contrast, being much more flexible, and doing it all at double or triple the power efficiency and with significantly longer lifetimes.

Together with the SDTC support, VueReal will leverage key industry partnerships with Angstrom, a Canadian manufacturer of industry-leading thin film deposition systems for PVD and CVD processes, and a large Asian electronics company.

"We are proud to have the support of this federal program, and collaborations with industry partners.  The next steps include building an integrated pilot production system, engineering the equipment needed to enable VueReal's proprietary Solid Printing™ process at commercial volumes, and enhancing the performance of micro-LEDs even further," said Reza Chaji, Ph.D., CEO and Founder of VueReal. "I'm extremely proud of our world-class multi-disciplinary team. We've achieved some important milestones – and the industry has taken notice – but our journey is really just beginning."

"We are excited to support VueReal in developing innovative solutions by providing engineering support for the deposition equipment required to create the micro-LED devices," explained David Pitts, President, Angstrom Engineering Inc.

"SDTC is proud to support the steps that VueReal is taking to reduce the carbon footprint of micro-and nano-technology production processes, demonstrating that small actions can create big change." Leah Lawrence, President and CEO, Sustainable Development Technology Canada.

About Sustainable Development Technology Canada

Sustainable Development Technology Canada (SDTC) is a foundation created by the Government of Canada to advance clean technology innovation in Canada by funding and supporting small and medium-sized enterprises developing and demonstrating clean technology solutions.

About VueReal Inc.

VueReal is engineering the next electronics revolution by developing and commercializing technology platforms that enable efficient, practical, and scalable production and integration of micro- and nano-devices. VueReal's solutions promise to turn the potential of micro-LED technology into reality by enabling the true-life displays needed by the next generation of smartphones, TVs, laptops, virtual/augmented reality systems, heads-up-displays, instrument panels, infotainment systems, and wearables.

For inquiries regarding investment, collaboration, partnership, and products, please contact VueReal at [email protected].

SOURCE VueReal

VueReal, Inc., David Miller, CFO, 519-498-9989, [email protected]