Daktronics Completes Acquisition of X Display, Increases MicroLED Layout to Seize Next-Generation Display Track

Daktronics, a global leader in the LED display field, announced the completion of its strategic acquisition of X Display Company Technology Limited (XDC), taking over its intellectual property (IP), core equipment assets and technical team. As an industry leader in mass transfer processes and MicroLED (micro light-emitting diode) technology, the addition of XDC will significantly strengthen Daktronics' core competitiveness in the field of next-generation display technology, marking a key step in Daktronics' product innovation strategic layout.

Founded in 1968, Daktronics has grown from a garage start-up to a benchmark company in the global LED signage industry, relying on its full product line advantagesRenowned in the industry for its continuous innovation capabilities, it invests 4% of its revenue into research and development every year to drive technological breakthroughs. This acquisition is no accident. Daktronics has participated in XDC's Series A investment as early as 2020. The two parties have long-term in-depth cooperation around the research and development and application of MicroLED technology, laying a solid foundation for this comprehensive integration. As a spin-off of X-Celeprint, the pioneer of mass transfer technology, XDC has more than 600 related patents and more than 15 years of R&D accumulation in the field of MicroIC technology. Its Pixel Engine™ technology is regarded as a key support for MicroLED industrialization.

"We believe this move further strengthens our competitive position and enables us to provide next-generation display technology to current and future customers around the world. It also provides us with a team of experienced engineers in MicroLED and MicroIC technology, which will strengthen our commitment to technological excellence and innovation."

This acquisition is an important strategic move for Daktronics to deepen its display technology layout. By integrating XDC's core technologies, equipment and talents, Daktronics will accelerate the commercialization process of MicroLED technology, continue to consolidate its leading position in the global display industry, and bring more innovative display solutions to customers.