Noros Technology is a technology company with strong technical strength and development potential in the field of Micro-LED. The following is its detailed company profile:

basic information

• Headquarters location: Suzhou, Jiangsu 123.
• Date of establishment: November 235, 2021.
• Registered capital: 2.7778 million yuan 3.
• Subsidiary company: Noros Technology (Zhejiang) Co., Ltd., established on October 30, 2023, with a registered capital of 100 million yuan. It is located in Deqing County, Huzhou City, Zhejiang Province, and is 100% owned by Noros Technology (Suzhou) Co., Ltd.

technology and products

• Core technology: Noros Technology independently developed VSP (Vertically Stacked Pixels) technology, which deeply integrates integrated circuit manufacturing processes and LEDs, and stacks single or multiple light-emitting units in the vertical direction through technologies such as large size epitaxy, homogeneous integration and lossless substrate removal, thereby achieving both improvements in luminous efficiency and yield, and reducing pixel volume and BOM cost. Provides feasible solutions for large-scale mass production and commercialization of Micro-LED micro display chips 245.
• Product applications: Its products cover AR/MR and other wearable devices, micro projection, HUD and digital lights and other application scenarios. It is mainly engaged in the design, research and development, manufacturing and sales of Micro LED chips and devices. For example, it successfully lit up in April 2024. The world's first XGA vertically stacked full-color Micro LED microdisplay chip was launched. In August, it launched a production-grade monolithic full-color XGA Micro LED microdisplay chip with a peak brightness of over 500,000 nits. It also cooperated with the Hunan University research team, Jingneng Optoelectronics and other industry-university-research institutions have jointly prepared a 0.39-inch Micro LED full-color micro display chip with ultra-high brightness of 400,000 nits and ultra-high resolution of 3300PPI, as well as a green Micro LED with a maximum brightness of 10 million nits currently publicly reported. Display module 235.

research and development and innovation

• The founding team of Noros Technology has been deeply involved in the field of micro-LEDs for many years and has rich manufacturing experience in the fields of integrated circuits and displays. The company uses VSP technology to break through the physical limitation of the difficulty in miniaturization of pixels in the micro-display field. It not only greatly improves the performance of micro-display chips, but also has the feasibility of mass production and commercialization, and is expected to become the ultimate solution for the industrialization of micro-led 25.
• In September 2023, Nortis Technology has successfully opened up the VSP process flow, achieved wafer-level integration of AlGaInP and GaN material systems, and completed the lighting of three-color stacked engineering chips. This is the first time that it successfully lights up the world's smallest 0.12-inch monochrome RGB. Another major breakthrough after the micro display chip 245.

Markets and Financing

• In terms of market, Micro-LED, as a new generation display technology, has advantages such as higher brightness and resolution, lower power consumption and longer service life. However, the industry still has pain points such as complex process flow, reduced EQE as pixel size shrinks, insufficient yield and difficult cost reduction. Relying on its technological advantages, Noros Technology is expected to accelerate the commercialization of Micro-LED and promote its market development in various application fields 24.
• In terms of financing, Norvision Technology completed three rounds of financing within two years. The Pre-A2 round of 100 million yuan financing completed in March 2024 was led by Lihe Capital. Old shareholders Shengjing Jiacheng, Shanhan Fund and Jiuhe Venture Capital continued to increase the amount. This round of financing funds is mainly used for the construction of Micro-LED micro-display chip production lines and the further research and development of Micro-LED chips based on VSP technology