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(Yicai Global) March 9 -- Suzhou Victory Precision Manufacture Co. will acquire trademarks, technical information and equipment related to Advancel Jitu-branded LCD and OLED panel assembly technologies from Japanese industrial firm Taiyo Kikai Ltd.
The electronics assembly firm, based in China's eastern Jiangsu province, aims to advance its expertise in the manufacture of such panels through the deal, it said in a statement.
The Japanese company, headquartered in Osaka, will no longer use the registered trademarks associated with the technologies once both parties have formally signed the transfer contract, while it will provide relevant technical support to Victory Precision in the future.
Taiyo Kikai has accumulated many years' of experience and possesses advanced technology in the manufacturing of LCD and OLED panel equipment.