Daktronics has announced the acquisition of the intellectual property (IP), equipment assets and technical expertise from X Display Company Technology Limited (XDC), a provider of mass-transfer processes and MicroLED (Micro Light-Emitting Diode) technology.
Daktronics believes the acquisition will continue to differentiate Daktronics in all segments of its business, it represents another step forward in Daktronics’ product innovation strategy, designed to accelerate growth and enhance competitive positioning.
Daktronics has been investing in XDC since 2020, helping accelerate XDC’s development of MicroLED capabilities and applications.
Acquisition highlights include:
- IP Assets: Daktronics will now own XDC’s proprietary technologies in mass-transfer processes and MicroLED fabrication within the display field of use to enable advanced display solutions with ultra-fine pixel pitches for large-format videowalls and medium-sized commercial displays.
- Equipment Assets: Daktronics acquires specialized equipment for the development of displays with MicroLED and MicroIC technology.
- Talent Integration: Daktronics has hired 15 key XDC employees with deep expertise in mass-transfer, MicroLED development and MicroIC design.
“We believe this move further strengthens our competitive position and will allow us to provide current and future customers globally with the next generation of display technology,” said Daktronics Interim President & CEO Brad Wiemann. “It also gives us an experienced team of engineers in the field of MicroLED and MicroIC technologies that we believe reinforces our commitment to technical excellence and innovation.”
According to Futuresource, a global market research and consultancy firm, the expected NPP (Narrow Pixel Pitch) market, which includes a subset of MicroLED, is expected to reach $12 billion by 2029.