Thin-film encapsulation materials supplier Vitex Systems Inc. plans to change its business model to focus on the company’s portfolio of IP and related engineering services.
Vitex (San Jose) has for the past few years done significant development of its Barix thin-film barrier encapsulation technology for manufacturing OLED displays as well as roll-to-roll Flexible Glass technology. The company had a pilot production plant in Windsor, Ct., that manufactured some materials. Under the new business arrangement, Vitex will close the plant and license the core IP to substrate makers having high-volume roll-to-roll manufacturing capacity.
In addition, capital equipment makers will be able to license the IP for Vitex’s Guardian thin-film deposition system with access to the company’s hardware and software.
Vitex expects the revised business model to enable OLED display manufacturers and producers of organic optoelectronic devices to speed time-to-market for thinner, lighter, lower-cost products.
