AIXTRON SE NA O.N.
AIXTRON SE NA O.N.
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Ticker: AIXA
ISIN: DE000A0WMPJ6

DGAP-Adhoc: AIXTRON and IRUJA Co. Ltd. sign Joint Venture Agreement / APEVA to become a complete OLED deposition system provider

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DGAP-Ad-hoc: AIXTRON SE / Key word(s): Joint Venture/Investment
AIXTRON and IRUJA Co. Ltd. sign Joint Venture Agreement / APEVA to become a complete OLED deposition system provider

24-Oct-2018 / 21:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


AIXTRON and IRUJA Co. Ltd. sign Joint Venture Agreement

APEVA to become a complete OLED deposition system provider

Herzogenrath/Germany, October 24, 2018 - AIXTRON SE today announced a Joint Venture agreement by AIXTRON SE, Germany and IRUJA Co. Ltd., South Korea to invest in APEVA, AIXTRON's subsidiary for OLED deposition technologies. Closing of the Joint Venture Agreement is expected during 2018.


IRUJA will contribute their well-established Automation & Handling Technology for the display market into the Joint Venture in steps, also making cash contributions. In exchange for these contributions, IRUJA will obtain an equity stake in APEVA of up to 20% over the next few years. Furthermore, IRUJA will act as a manufacturing partner in Korea for APEVA to give access to a high quality local supply chain and manufacturing resources. AIXTRON has contributed its innovative OVPD technologies into APEVA, which enables the highly efficient deposition of organic materials in a very well controlled manner. Based on the contributions from both companies, APEVA will become a complete deposition system provider for the organic material layers within the OLED stack.

 

Contact:

Guido Pickert
Investor Relations & Corporate Communications
T: +49 (2407) 9030-444
F: +49 (2407) 9030-445
[email protected]


For further information on AIXTRON (FSE: AIXA, ISIN DE000A0WMPJ6) please consult our website at http://www.aixtron.com.

 

Forward-Looking Statements
This document may contain forward-looking statements regarding the business, results of operations, financial condition and earnings outlook of AIXTRON. These statements may be identified by words such as "may", "will", "expect", "anticipate", "contemplate", "intend", "plan", "believe", "continue" and "estimate" and variations of such words or similar expressions. These forward-looking statements are based on our current assessments, expectations and assumptions, of which many are beyond control of AIXTRON, and are subject to risks and uncertainties. You should not place undue reliance on these forward-looking statements. Should these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of AIXTRON may materially vary from those described explicitly or implicitly in the relevant forward-looking statement. This could result from a variety of factors, such as actual customer orders received by AIXTRON, the level of demand for deposition technology in the market, the timing of final acceptance of products by customers, the condition of financial markets and access to financing for AIXTRON, general conditions in the market for deposition plants and macroeconomic conditions, cancellations, rescheduling or delays in product shipments, production capacity constraints, extended sales and qualification cycles, difficulties in the production process, the general development in the semi-conductor industry, increased competition, fluctuations in exchange rates, availability of public funding, fluctuations and/or changes in interest rates, delays in developing and marketing new products, a deterioration of the general economic situation and any other factors discussed in any reports or other announcements , in particular in the chapter Risks in the Annual Report, filed by AIXTRON. Any forward-looking statements contained in this document are based on current expectations and projections of the executive board based on information available the date hereof. AIXTRON undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law.

This document is an English language translation of a document in German language. In case of discrepancies, the German language document shall prevail and shall be the valid version.

Our registered trademarks: AIXACT(R), AIXTRON(R), APEVA(R), Atomic Level SolutionS(R), Close Coupled Showerhead(R), CRIUS(R), EXP(R), EPISON(R), Gas Foil Rotation(R), Optacap(TM), OVPD(R), Planetary Reactor(R), PVPD(R), STExS(R), TriJet(R)


24-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: AIXTRON SE
Dornkaulstraße 2
52134 Herzogenrath
Germany
Phone: +49 (2407) 9030-0
Fax: +49 (2407) 9030-445
E-mail: [email protected]
Internet: www.aixtron.com
ISIN: DE000A0WMPJ6
WKN: A0WMPJ
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Nasdaq OTC

 
End of Announcement DGAP News Service

737417  24-Oct-2018 CET/CEST

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