VueReal Inc, a developer of key technologies for micro and nano devices, have announced $8.5 million (USD) in funding from Sustainable Development Technology Canada (SDTC) to support a total project investment of over $26 million. The SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions for use around the globe. The new funding will allow VueReal to further develop innovative micro-LED technologies by expanding its Waterloo team and launching an Advanced Nano-Technology Center, which will be a fabrication facility that might well be unique in the Western hemisphere.
“We are proud to have the support of this federal program, and collaborations with industry partners. The next steps include building an integrated pilot production system, engineering the equipment needed to enable VueReal’s proprietary Solid Printing process at commercial volumes, and enhancing the performance of micro-LEDs even further,” said Reza Chaji, Ph.D., CEO and Founder of VueReal. “I’m extremely proud of our world-class multi-disciplinary team. We’ve achieved some important milestones – and the industry has taken notice – but our journey is really just beginning.”
VueReal’s micro-LED displays use screens built from tiny versions of the same types of chips used in LED lights, and have many significant advantages over OLED and LCD screens, including being much brighter, supporting higher frame-rates, delivering denser pixels per inch (PPI), providing better contrast, being much more flexible, and doing it all at double or triple the power efficiency and with significantly longer lifetimes. This also means that the displays meet the requirements for displays that must compete with ambient daylight, along with being ideal for using in virtual reality (VR) and augmented reality (AR) displays and head-mounted displays (HMDs).
“We are excited to support VueReal in developing innovative solutions by providing engineering support for the deposition equipment required to create the micro-LED devices,” explained David Pitts, President, Angstrom Engineering Inc.
“SDTC is proud to support the steps that VueReal is taking to reduce the carbon footprint of micro-and nano-technology production processes, demonstrating that small actions can create big change.” Leah Lawrence, President and CEO, Sustainable Development Technology Canada.
As VueReal use their new funding to expand their operation and set up the fabrication facility, VRFocus will be sure to bring you all the latest on them in the future.