5/6/2005 - Santa Clara based Nuelight Corporation, which develops technology and products for enabling Active Matrix Organic Light Emitting Diode (OLED) display manufacturers to develop video centric displays for high volume consumer products such as smart phones, portable DVD players, laptops, monitors and TV, has announced plan to set up a leading edge mixed signal IC design center for OLED displays in Hyderabad.
The Center will have competence to develop sophisticated OLED Panel Controllers from Concept to Mass Production. Apart from VLSI (Very Large Scale Integration) design and development, Nuelight will also build Analog Design, as well as IC Product design capability in its Hyderabad center. The company has earmarked US $3 Million investment in the facility, over the next 2 years and will employ 50 engineers to handle full chip design by end of 2006.
“I am very excited Nuelight chose to establish its design center in my home town of Hyderabad” says, Dr. Damoder Reddy, Chairman, CEO and Founder of Nuelight. “We considered several other cities including Bangalore, Pune and Chennai before deciding to locate our design center in Hyderabad. Nuelight Product Offerings has received a very high level of interest from its high profile customers in Korea, Japan, Taiwan and the US. The city offers a good combination of well developed IT infrastructure, experienced engineering talent pool and low establishment outlay which will enable us to be market responsive and globally competent”.
“We have chalked out very aggressive growth plans for our Hyderabad Design Centre as it will play a key role in Product Development for our very high volume Customers” said W. Edward (Ted) Naugler, Jr., Chief Technical Officer and co-founder. “We have already met and interacted with several very talented chip design engineers and we believe Nuelight will be able to rapidly assemble a high quality mixed signal chip design team in Hyderabad and start an end-to-end Product Development capability in India”.
“The Centre at Hyderabad is very strategic for Nuelight business growth and will work closely with our existing Business Development and Engineering Team at Santa Clara, California, to develop products for Key Customers in The Far East. We will also add Applications Engineering and Customer Support Team in our Hyderabad center” Says, Aditya Srinivasan, VP – Business Development and Sales. “Taking Consumer IC Chips to Volume Production is always very exciting and we look forward to working with our team in Hyderabad”.
Nuelight focuses on developing solutions to meet key shortcomings of OLED displays. The company has developed an innovative patent pending technology, which ensures uniform brightness, balanced colours, low power consumption and long lifetimes of Active Matrix OLED. OLEDs are self-emissive displays that use organic materials formed into thin films that are driven by electric current to generate light, without requiring backlights. To rapidly commercialize its technology Nuelight has partnered with a leading flat panel display manufacturer.
About Nuelight Corporation
Nuelight Corp was founded in June 2003 to develop and commercialize Mixed Signal Driver ICs for Organic Light Emitting Diode (OLED) display products. Nuelight has developed an innovative patent pending technology, which ensures uniform brightness, balanced colours, low power consumption and long lifetimes. Nuelight has partnered with a leading flat panel display manufacturer to rapidly commercialize its technology. Nuelight’s core business is to design and supply advanced integrated circuit chips to flat panel display manufacturers. Nuelight has assembled a very experienced executive management and engineering team at its headquarters in Santa Clara, California. For more information log on to www.nuelight.com
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