Royole Creates Strategic Partnership With China's Largest Mobile Company
FREMONT, Calif., May 3, 2016 /PRNewswire/ -- Today, the global leader in flexible display technology, Royole, announced an agreement with China's largest mobile telecommunications company, China Mobile. With over 800 million customers, China Mobile launched the first 4G roaming service in Asia and has a virtual lock on the world's fastest growing mobile market. The agreement is effective immediately and will cover sales of existing product, new product development, customer information sharing and overall marketing efforts.
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"For Royole, this strategic partnership is a game changing event," said Royole CEO Bill Liu. "It will give us access to their current customers, will help us develop new products based on insights that only a company with nearly a billion subscribers has and will allow us to share our knowledge around flexible displays and sensors with them."
The cooperation between the two sides will extend to include virtual reality (VR) and cinematic wearable devices. It will also feature development of mobile intelligent terminals, and smart home devices and solutions. China Mobile's mobile internet will also serve as a channel to provide customers with digital video and gaming content.
Royole is led by a team of technologists from top research institutes around the globe, and has raised over $200 million from leading venture capitalists including IDG Capital Partners and Shenzhen Capital Group. A little more than three years since its inception, Royole has filed hundreds of patents and become one of the fastest growing start-ups in the world. Last year, the company released Royole-X (royole.com/royolex), the world's first foldable, virtual theater that features the highest resolution display available in a compact, immersive device, and they have begun shipping it in the United States. In the near future, Royole will continue to introduce devices that will bring their founder's vision of highly portable and highly immersive experiences to life.
ABOUT ROYOLE
Founded in 2012 and based in Shenzhen, China; Hong Kong and Fremont, California, Royole creates and manufactures the most advanced flexible displays, flexible sensors and wearable consumer electronics in the world. Royole produces the world's thinnest full-color flexible displays with a thickness of just 0.01mm.
The company is lead by a team of technologists from top research institutes around the globe and has raised about $200 million from leading venture capitalists including IDG Capital Partners and Shenzhen Capital Group. Only four years since its inception, Royole has filed hundreds of patents and become one of the fastest growing start-ups in the world.
For more information, please visit the official website: www.royole.com
Press Contact:
Mark Riedy
TRUE Communications
415 302 2923
[email protected]
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SOURCE Royole
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