Realfiction has been awarded a grant from Innovation Fund Denmark to support the development of a Project ECHO display beta-version
Realfiction Holding AB (“Realfiction”) has been awarded up to 500,000 DKK as an InnoBooster grant from Innovation Fund Denmark to develop and test a 3D LCD display beta-version. The development of the technology is based on Realfiction’s patent pending ECHO technology.
The technology:
Realfiction has previously announced the completion of its Proof of Concept for its patent pending ECHO technology. The vision of the ECHO technology continues to be the ambition of truly changing the world of 3D holographic flat screen displays through a newly invented directional pixel technology. ECHO is a scalable display technology that makes it possible and cost-effective to present high quality 3D holographic moving images in open air, without the use of glasses or other lenses and with look-around capability for groups of people.
The beta-version:
Today’s flat screen displays use different image technologies. OLED is in many ways a superior and future ready technology and remains a top priority target for Realfiction in terms of the implementation of the company’s ECHO technology. Micro LED is the latest technology offering higher brightness and enormous sizes through its modular design. But LCD, including Samsung’s Quantum Dot (QLED) variant, is still by far the widest used flat screen display technology in the market, and has advantages like less expensive development costs, more producers and potential licensees and a shorter time to market. LCD is therefore the best choice for a beta-version that can demonstrate the features and benefits of incorporating the ECHO technology into a flat screen display.
The road ahead:
The company is currently preparing easy to understand visualization of the ECHO technology that will be presented as soon as possible to allow for a deeper understanding of the technology. The company will develop and test the ECHO beta-version and initiate dialogue with flat screen display manufacturers regarding licensing opportunities that will enable the integration of ECHO into the next generation displays.
The grant:
The grant of up to 500,000 DKK will cover approximately 33% of the cost expected to be incurred in connection with the development of the 3D LCD display beta-version. The remaining 66% of the development cost is covered by the company in the form of man-hours.
“We are delighted that Innovation Fund Denmark shows confidence in our approach and ambition by awarding us a grant to develop and test a 3D holographic LCD display beta-version based on ECHO”, says Clas Dyrholm, CEO of Realfiction and continues: “Developing this beta-version is another step on the road towards realizing the ultimate vision of creating the Holy Grail of 3D.”
For more information about Realfiction Holding AB, please contact:
Clas Dyrholm, founder and CEO
Telephone: +45 25 22 32 81
Email: clas@realfiction.com
Certified Adviser
Mangold Fondkommission AB is the company's Certified Adviser and can be contacted via ca@mangold.se or +46 8 503 015 50.
This information is information that Realfiction Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.45 CET on 28 October 2019.
About Realfiction Holding AB
Founded in Denmark in 2008, Realfiction is a leading innovator and provider of Mixed Reality solutions and services, a market estimated to reach USD 80 billion by 2025. Realfiction continues to invent technologies within Mixed Reality, with an intention to disrupt the industry by pursuing the vision of converting science fiction into real fiction. Realfiction Holding AB’s share is publicly traded on Nasdaq Stockholm First North under the symbol “REALFI”. The share’s ISIN code is SE0009920994.
About Innovation Fund Denmark and InnoBooster
Innovation Fund Denmark invests in the development of new knowledge and technology creating growth and employment in Denmark. The Fund focuses on societal challenges, strengthens research and increases innovation commitment within private companies. Please refer to www.innovationsfonden.dk for more information.
