Summary:Dongxu OptoelectronicsOn August 16, a “Shareholder Agreement” was signed with the University of Manchester in the UK, the project team of the Department of Electronic Engineering of Manchester, and IP Group of the UK to jointly invest in RIPTRON LIMITED in the UK and carry out in-depth cooperation with Manchester University and its project team.
Released August 18 - Dongxu Optoelectronics (000413) announced in the evening that the company signed a “Shareholder Agreement” with the University of Manchester (The University of Manchester, hereinafter “Manchester”), the Manchester University Electronic Engineering Department Project Team (hereinafter referred to as the “Project Team”), and the British IP Group (IP2IPO PORTFOLIO L.P., hereinafter “IP2IPO”) to jointly invest in RIPTRON in the UK LIMITED (hereinafter referred to as the “target company”) carries out in-depth cooperation with Manchester University and its project team.
According to the agreement, the company will increase its capital to the target company by £175,000 by October 31, 2019. After that, according to the deliverables agreed in the agreement (related sensor chips and terminal products) and the delivery date agreed in the agreement (November 30, 2019), the company will increase the capital to the target company by £768,000 within 45 working days after the delivery date. The funding method is to contribute own funds. After the company completed two cross-border payments in sequence, Manchester University exclusively authorized and transferred the relevant intellectual property rights to the target company in accordance with the “Intellectual Property License Agreement” and “Intellectual Property Transfer Agreement” signed with the target company.
After Manchester transfers the intellectual property rights to the target company and the capital increase is completed, the target company will jointly invest with the company to establish a joint venture controlled by Dongxu Optoelectronics in China to manufacture and sell chips and terminal products delivered by the target company. The parties agreed that the target company would grant the manufacturing site an exclusive license for patents and know-how in the Greater China region.
According to the announcement, the target company was founded on June 16, 2019. The company is located at 46 Grafton Street, Manchester, England. Its main business is the development and mass manufacture of gas sensor products.
According to reports, the graphene products agreed to be delivered in this “Shareholder Agreement” are silicon wafer suspended graphene sensing array chips and two related gas sensor devices, which are basic materials and terminal applications of suspended graphene technology. Suspended graphene technology guarantees the electronic movement rate and sensing characteristics of a single layer of carbon atoms to a large extent, and can maximize the sensing performance of a single layer of graphene in an exposed environment. In addition, the technology also has operational chemical modifiability, providing great application potential for selective multifunctional sensing (gas, VOCs detection, deformation, biomedical monitoring, etc.). Suspended graphene sensing chips are a cross-technology field between the electronics industry and the semiconductor industry. They have characteristics such as miniaturization, intelligence, and selectivity, and can form a good synergy effect with the company industry in the future.
Dongxu Optoelectronics said that the signing of this “Shareholder Agreement” has officially launched in-depth cooperation between the company and Manchester University and its project team, enabling the company to use advanced international graphene technology and advanced resources, from academic excellence to comprehensive industrialization linkage, to further improve the company's product layout in the graphene industry, accelerate the development of the company's graphene business, and also lay a solid foundation for the company and Manchester to jointly develop the Chinese and global graphene application markets in the future.
About Dongxu Optoelectronics
Dongxu Optoelectronics Technology Co., Ltd. was founded in 1992 and listed on the Shenzhen Stock Exchange in 1996. It is the largest manufacturer of LCD glass substrates in China and the world's leading supplier of optoelectronic display materials. In recent years, driven by the strategy of industrial integration and transformation and upgrading, the company started from the optoelectronic display industry and gradually developed into a comprehensive high-tech enterprise integrating LCD glass substrates, cover glass, color filters, sapphires and other optoelectronic display materials, high-end equipment manufacturing and system integration, graphene industrial application, NEV R&D and manufacturing, smart city construction, etc. The vertical layout and horizontal linkage between the upstream and downstream industries have been deepened, gradually forming an emerging industrial cluster with comprehensive competitiveness.