2024-04-25
On April 19, Yangzhou Alvin Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Alvin Optoelectronics") officially completed the Pre-IPO round of financing, which was jointly invested by Nuoyan Capital and Xianzhi Chain Fund. The funds will be mainly used for the ramp-up of the ultra-wide polarizer release film production line, the continuous promotion of new product research and development, and the establishment of friendly strategic cooperation with downstream customers to enhance the company's brand competitiveness in the field of high-end release film materials.
Alvin Optoelectronics was established in 2013 and has been committed to the research and development of release film technology and the exploration of domestic substitution. It has accumulated rich experience in the formulation design and precision coating process of high-end release films. The company's functional release film products are widely used in the precision process of many fields such as optoelectronic display, MLCC/LTCC, automotive functional film, consumer electronics, etc. Its technical level and product quality have reached the international advanced level.
Alvin Optoelectronics has always adhered to the development path of independent innovation and import substitution of high-end release films, and established an international-level R&D platform - Functional Electronic Thin Film Materials R&D Center, becoming one of the few domestic manufacturers that can replace imported high-end release film materials in multiple fields. In the future, the company will continue to uphold the concept of innovative development, continuously improve its own strength, and strive to become a first-class domestic comprehensive supplier of high-end release functional films.
The completion of this round of financing indicates that Alvin Optoelectronics has been highly recognized in the capital market and has injected strong momentum into its future development. In addition, Mason Optoelectronics will actively strengthen cooperation and exchanges with upstream and downstream enterprises in the industrial chain. Through in-depth cooperation with customers, the company will better understand market demand, continuously optimize product structure and production process, and enhance brand influence and market competitiveness.
Quan Da, head of the new materials investment group of Nuoyan Capital, said: Under the background that the global production capacity of the optoelectronic display industry is shifting from Japan and South Korea to China, the current situation that upstream raw materials still rely on imports needs to be changed urgently, and the accelerated development of domestic substitution is imperative. As an excellent leading enterprise in domestic material substitution, Alvin Optoelectronics has demonstrated strong market competitiveness with its deep accumulation and continuous innovation in the field of release films. Nuoyan Capital highly recognizes Alvin Optoelectronics' outstanding performance in technology research and development, product quality and market expansion. It is believed that with the help of Nuoyan Capital, Alvin Optoelectronics will be able to further accelerate the pace of domestic substitution and contribute more wisdom and strength to the localization process of the industrial chain of China's display industry.
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