# Sunic System signs $2.9M OLED deposition equipment supply deal with Novaled

Sunic System has signed a contract worth 30.8 billion won (approximately $2.9 million) to supply OLED deposition equipment to Novaled in Germany. The contract was signed on January 19, 2018.

- Type: Contract
- Announced: 2018-01-22
- Where: Dresden, Germany
- Value: $2.90M (3.08B KRW)
- Status: announced
- Capacity: 40% increase in OLED production capacity
- Products: OLED deposition equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Sunic System](https://endata.com/companies/27627.md)
- [Novaled](https://endata.com/companies/21788.md) (customer)
- [Sunic System](https://endata.com/companies/27627.md) (supplier)

## Sources

- [biz.heraldcorp.com](https://biz.heraldcorp.com/article/1568234), 2018-01-22: "Sunic System has disclosed a single sale and supply contract for display OLED deposition equipment."
- [oled-info.com](https://www.oled-info.com/novaled-orders-3-million-oled-deposition-sunic-system), 2018-02-07: "Novaled announced today that it has ordered OLED deposition systems from Sunic System for about $3 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.