Hansong Neotek Signs 1.6 Billion KRW OLED Mask Inspection Equipment Supply Contract with LG Display

[Asia Economy Reporter Jang Hyowon] Hansong Neotek has succeeded in securing its fourth OLED equipment order from LG Display this year.

Hansong Neotek announced on the 4th through a public disclosure that it signed a supply contract worth 1.6 billion KRW for an Organic Light Emitting Diode (OLED) mask inspection equipment with LG Display. This amount corresponds to 8.5% of last year's sales revenue.

The equipment ordered this time by Hansong Neotek is a mask inspection device applied to LG Display's OLED production line, which classifies and stacks products step-by-step after inspection results are confirmed. It can accurately measure dimensions such as the mask's TP (Total Pitch) and CD (Critical Dimension), check for foreign substances, and determine product pass/fail status and grade.

Hansong Neotek manufactures various core equipment necessary for the OLED process, including this OLED mask inspection equipment and the 'OLED mask tensile tester,' and also produces inspection equipment required in advanced industries such as secondary batteries and solar power.

With this order, Hansong Neotek has achieved a total order volume of 16.3 billion KRW from LG Display alone this year. On the 27th of last month, it signed a 4.5 billion KRW OLED equipment supply contract with BOE, the largest display manufacturer in China, and in August, it received a 2.4 billion KRW OLED equipment order from Everdisplay Optronics (EDO), a display company in the Chinese-speaking region.

A Hansong Neotek official said, "Hansong Neotek was recognized for its excellent technology and delivery performance in the OLED equipment field, leading to the successful order of this inspection equipment from LG Display," and added, "Hansong Neotek is also manufacturing and selling inspection devices in various advanced industries such as secondary batteries and solar power, so we will do our best to expand orders in related fields."

This content was produced with the assistance of AI translation services.