ELUX

What ELUX does

eLux, Inc. is a microLED display technology company that has developed a proprietary massively parallel fluidic assembly process for the low-cost manufacturing of direct-emission microLED displays. Its technology works by dispersing microLED chips in a liquid that flows over a target substrate, where the LEDs self-assemble into precisely positioned wells — yielding demonstrated assembly rates of 3.1 to over 5 million devices per hour and a 99.987% natural yield on a 12.3-inch test panel. The proprietary stack also includes automated inspection and selective harvest of defective devices, color conversion via quantum dots, through-hole-via integration, and handling for microLEDs between 5 and 200 microns across GaN-on-PSS and AlGaInP chemistries; the process is described as scalable to Gen 6 backplanes beyond the current 15-inch diagonal tool.

The company was founded on October 13, 2016 as a spin-out from Sharp Laboratories of America by Jong-Jan Lee (President and CEO) and Paul Schuele (CTO), with principal backing from FoxConn (through CyberNet Venture Capital Corp.), Sharp Corporation, Innolux, and Advanced Optoelectronic Technology. Headquartered in Vancouver, Washington with a prototype fab in Taiwan (and a strategic investment in Advanced Micro Lux Holding Limited to scale manufacturing), eLux holds 56 US and 37 foreign patents with 31 pending applications, plus 20 patent families acquired from Sharp. Its go-to-market is a B2B technology and IP licensing motion aimed at large-format display OEMs building video wall and television products, with positioning that microLED can match or exceed OLED on contrast, efficiency, brightness, and lifetime while leveraging low-cost LCD-derived TFT backplanes. The company operates with 1-10 employees, has disclosed no revenue, and has raised a single reported funding round of approximately $4.7M in May 2017.

Name

ELUX

Legal name

eLux, Inc.

Website

https://eluxdisplay.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

eLux develops proprietary massively parallel fluidic assembly technology that enables low-cost manufacturing of microLED displays, targeting large-format video wall and television OEMs through technology and IP licensing.

Ownership category

akta.pro rank

Product category

MicroLED Display Manufacturing Technology

NAICS

Audio and Video Equipment Manufacturing (3343), Semiconductor and Other Electronic Component Manufacturing (33441), Printed Circuit Assembly (Electronic Assembly) Manufacturing (334418)

SIC

Household Audio & Video Equipment (3651)

akta.pro primary industry

Electronics & Electrical (Connectors, Housings, Tooling/Fixtures as End-Use) (Production AM Parts) (IMAAAEAF)

akta.pro secondary industry

Additive Manufacturing Research & Innovation Labs (IMAAAJAA)

Keywords

• MicroLED display technology
• Fluidic assembly process
• Display manufacturing equipment
• Direct emission displays
• Mass transfer technology

Headquarters

HQ city

Vancouver

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Distribution channels1 record

Marketing channels1 record

Core offering

eLux, Inc. develops and licenses proprietary fluidic assembly technology for low-cost manufacturing of microLED displays. The company targets large format direct emission displays for video wall and television applications, using a massively parallel assembly process that achieves over 5 million device placements per hour and 99.987% natural yield on a 12.3-inch demonstration display. Development of fundamental microLED assembly technology is carried out in Vancouver, WA, while prototype displays are produced in a fab in Taiwan.

Product overview

eLux, Inc. is a microLED display technology company offering a unified product portfolio centered on fluidic assembly technology for manufacturing direct emission microLED displays. The core offering consists of microLED display technology targeting large format displays for video wall and television applications, supported by the proprietary fluidic assembly manufacturing process. The company was founded in 2016 as a spin-out from Sharp Laboratories of America and operates with headquarters in Vancouver, WA while maintaining prototype fabrication facilities in Taiwan.

Differentiator

Problem solved

Functional benefit

Products and services

• Fluidic Assembly Technology A proprietary manufacturing process technology in which microLEDs dispersed in liquid self-assemble into precisely positioned wells on a target substrate, enabling massively parallel assembly rates over 5 million devices per hour and scalability to Gen 6 backplanes. Targeted at display manufacturers building large format microLED displays.
• Automated Cassette-to-Cassette Fluidic Assembly Tool Fully automatic fluidic assembly tool for display manufacturers, capable of cassette-to-cassette processing of ten display panels up to 15 inch diagonal, with built-in inspection at each stage, capture and recycle of microLEDs and assembly fluids, and modules scalable to larger substrates.
• 12.3-inch MicroLED Display (99.987% Yield Demonstration) A 12.3-inch direct emission microLED reference display assembled using eLux's fluidic assembly process, demonstrating the production-level yield and throughput required for microLED television and large format video wall applications.

Quantifiable outcome

• 99.987% natural yield achieved with 518,400 microLEDs assembled in 10 minutes
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• Advanced Micro Lux Holding Limited (AML)coreStrategic or Co-development PartnerStrategic investment by eLux is allowing AML to focus on developing manufacturing capacity for fluidically assembled microLED displays in Taiwan. Core manufacturing partnership for scaling production.
• Sharp Laboratories of AmericacoreStrategic or Co-development PartnerParent company from which eLux was spun out on October 13, 2016. Core personnel including CEO Jong-Jan Lee and CTO Paul Schuele had extensive experience in display development working at Sharp Labs.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• VueReal: Canadian microLED display technology developer focused on mass-transfer and integration processes for microLED displays. Most directly comparable as another independent microLED process technology company targeting display manufacturers.
• Jade Light Display (JBD): MicroLED display manufacturer developing GaN-based microLED micro-displays. Comparable as a pure-play microLED company pushing manufacturing yield and throughput as a key competitive dimension.
• Plessey Semiconductors: UK-based GaN-on-silicon microLED technology company developing monolithic microLED arrays. Comparable as an independent microLED process technology developer targeting display applications.
• Mikro Mesa Technology: MicroLED startup developing low-cost mass-transfer technology for microLED displays. Closely comparable as a process technology developer addressing the same mass-transfer bottleneck that eLux targets.

Broad incumbents

• Samsung Display: Global display leader and Samsung's display arm, actively developing microLED display technology including the Wall product line. A likely potential customer for eLux's fluidic assembly IP, but also a competitor developing in-house transfer solutions.
• Sony: Established display incumbent shipping Crystal LED video walls built around microLED technology. Comparable as a large-format display customer/competitor and as a reference point for commercially shipping microLED video walls.
• LG Display: Major display manufacturer with active microLED R&D. Comparable as a potential licensing customer for fluidic assembly and as a competitor developing alternative microLED mass-transfer approaches.
• AU Optronics (AUO): Taiwan-based large-panel display manufacturer with public microLED development efforts. A geographically and commercially natural customer for eLux's fluidic assembly technology given the Taiwan base.
• Sharp Corporation: Parent-spinout and principal investor in eLux; major display manufacturer and original home of the fluidic assembly technology. Comparable as a broad display incumbent that could either adopt or compete with eLux's technology.
• Hon Hai Precision Industry (Foxconn): Largest contract electronics manufacturer globally and principal eLux investor. Comparable as both a potential mega-customer for fluidic assembly licensing and as the strategic anchor for the AML Taiwan manufacturing entity.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eluxinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ELUX