Luminescence Technology Corp., LUMTEC, (6729-TW:Taiwan Stock Exchange) owns global patents and technologies for OLED materials and lighting panels; in recent years, LUMTEC has accelerated the market strategy for the OLED lighting area, vertically integrating "LUMLIGHT", the lighting business division of LUMTEC. It is committed to the OLED lighting development for energy-saving, environmentally friendly, and low blue light hazard. With the development of lighting technology and global energy-saving trends, solid-state lighting technologies such as LED and OLED have surpassed traditional lighting. It is expected that the market penetration rate will be over 60% in 2020, exceeding US$100 billion.
CEO of LUMTEC, Mr. Feng-Wen YEN said that automotive lighting is ever-changing rapidly with each passing day. The drivers are pursuing a safer, more comfortable and fashionable driving experience. While OLED lights have soft lighting characteristics, which can be applied to daytime running lights, red taillights, third brake lights, yellow warning lights, turn signals, interior lighting and atmosphere lights…etc. The luxury automotive market has taken the lead in implementing OLED lighting to standard vehicle styles, with the advantages of OLED as a non-glare, thin and flat lighting source to provide stronger protection and safety. OLED lighting panels can also be used in consumer markets such as desk lamp, portable, outdoor lighting, and indoor nightlight, adding more applications and designs to OLED lighting to create an innovative bright life.
Founded in 2001, LUMTEC (6729) is located in Hsinchu Science Park Taiwan. The technical team holds the self-developed technical capabilities of materials, equipments and processes for OLED lighting panels. LUMTEC has almost 200 patents on OLED materials and panels. It also executes several national projects for large-area and high-performance OLED smart lights. This April, LUMTEC launches kinds of mass-produced OLED lighting panels with multi-colors, sizes and customized designs to seize the automotive lighting business opportunities worldwide.