Hague Corp.'s (OTC Bulletin Board: HGUE.OB), wholly owned subsidiary Solterra
Renewable Technologies today announced an exclusive worldwide licensing
agreement with the University of Arizona for the patented, intellectual property
covering screen-printing techniques for the fabrication of organic light emitting
Organic light emitting diodes, known generally as LEDs, are an essential component
of displays, batteries, sensors, conductors and computer memory.
Solterra's CEO Stephen Squires explained that there are essential similarities
between the screen-printing techniques to fabricate LEDs and the screen printing
technology that Solterra currently uses to print quantum dots to make thin-film
Using this licensing agreement to fabricate LEDs using screen printing techniques
will greatly reduce the costs of LEDs, Squires explained. The high cost of producing
LEDs has limited its uses; and therefore a dramatic cost reduction will greatly
expand LED use, he added.
"There are useful similarities in the underlying design and manufacturing
technology for quantum dot solar cells and other printed electronics applications
such as batteries, sensors, conductors, lighting, logic and memory," he
Squires noted LED/OLED displays will likely emerge as the second most significant
market for printed electronics.
"When you can leverage a single enabling technology, such as our semiconductor
quantum dots, to enter two or more different, but massive, markets without straying
from your core competencies, the business opportunity is very compelling,"
Squires said there is a frenzied pace of amazing discoveries in light-related
applications. However, it was clear new work would be limited in commercial
application by raw material costs. Access to high quality, affordable quantum
dots emerged as the key ingredient for a number of these exciting developments.
When coupled with high-throughput, inexpensive manufacturing such as screen
printing, we believe wide market penetration is inevitable.
According to the IDTechEx report, Printed, Organic & Flexible Electronics
Forecasts, Players & Opportunities 2009-2029, the market for printed and
potentially printed electronics, including organics, inorganics and composites
will rise from $1.92 billion in 2009 to $57.16 billion in 2019. The majority
of the market in 2009 -- 71% -- is for electronics which are relatively mature
-- conductive inks (for membrane keyboards, Printed Circuit Boards, flex connectors,
membrane keyboards, sensors (e.g. disposable blood glucose sensors for those
with diabetes) and Organic Light Emitting Displays (OLEDs) which are on glass
substrates and not printed as yet. Source: www.idtechex.com
The University of Arizona pioneering technology makes significant improvements
over prior art. Organic LED / OLED based displays now have the potential to
be manufactured using very high volume, low cost roll-to-roll print processing
on inexpensive substrates.
In addition to the potential to deliver a significantly lower price point, this
technology can also provide, higher definition, increased viewing angles, lower
power consumption and reduced response time for an enhanced picture, all in
a very thin, light weight, format. These characteristics enable display technologies
to flourish in environments that have previously been uneconomical or simply
The market for organic light emitting diode displays alone is estimated to exceed
$4.5 billion, according to Global Industry Analysts, Inc.
Additionally, Solterra believes that the University of Arizona technology can
also be applied to certain lighting applications. As global consumption of electricity
in the world is increasing dramatically, energy efficiency through better electronics
and lighting is key to reducing the overall burden on power production and the
expected increases in greenhouse gas emissions. Solterra's thin film solar cells
and high performance OLED displays, along with other emerging printed electronics
innovations can be important first steps to solving these challenges.